State-owned banks played counter-cyclical role in EMs following financial crisis

IMF headquarters in Washington, DC
The International Monetary Fund

Credit growth by foreign banks lagged behind that of domestic banks in Asia, Latin America and European emerging economies after the financial crisis, an IMF working paper finds.

Bank ownership and credit growth in emerging markets during and after the 2008–09 financial crisis – a cross-regional comparison, by Guodong Chen and Yi Wu, examines bank credit growth in emerging markets before, during and after the 2008–09 financial crisis using bank-level data, focusing on the role of bank ownership

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