The Growing Footprint of EME Banks in the International Banking System

11 Pages Posted: 29 Jan 2019

See all articles by Eugenio Cerutti

Eugenio Cerutti

International Monetary Fund (IMF); Johns Hopkins University

Cathérine Koch

Bank for International Settlements (BIS)

Swapan-Kumar Pradhan

Bank for International Settlements (BIS)

Date Written: December 1, 2018

Abstract

This special feature explores the role of banks from emerging market economies (EMEs) in global banking. Over the past decade, the cross-border activity of EME banks has been growing at a faster pace than that of banks from advanced economies. This has been largely driven by increasing EME-to-EME interlinkages, which often make up more than half of EMEs' cross-border borrowing. EME banks make use of their global networks of affiliates abroad for the majority of their cross-border lending to other EMEs. In the cross-border interbank market, EMEs with more developed banking systems tend to be net recipients of funds, whereas EMEs with less developed ones tend to be net providers.

JEL Classification: F34, F36, G21

Suggested Citation

Cerutti, Eugenio and Koch, Catherine and Pradhan, Swapan-Kumar, The Growing Footprint of EME Banks in the International Banking System (December 1, 2018). BIS Quarterly Review December 2018. Available at SSRN: https://ssrn.com/abstract=3316359

Eugenio Cerutti (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street N.W.
Washington, DC 20431
United States

Johns Hopkins University ( email )

Baltimore, MD 21218
United States

Catherine Koch

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

Swapan-Kumar Pradhan

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

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