BIS statistics show sharp contraction in Q2
Cross-border claims fall significantly in advanced economies
Cross-border banking contracted sharply in the second quarter of this year, according to the Bank for International Settlements' (BIS) latest international banking statistics, published on October 21.
Cross-border claims on advanced economies fell by $918 billion between March and June, which an increase of $45 billion in claims on emerging markets did little to offset. Despite the quarterly rise, compared with a year ago, credit to emerging markets is down by 1%.
Striking turnaroundThe result
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