Cross-border banking contraction broadens – BIS statistics
Drop in cross-border claims spread in Q4 2015 to advanced economies
Cross-border capital flows continued to retreat in the fourth quarter of 2015, with the fall in claims widening from emerging markets to a broader range of economies, according to data published by the Bank for International Settlements (BIS).
The latest international banking statistics, published on April 21, showed another "sizeable" contraction in cross-border lending, the BIS said. Claims fell by $650 billion in Q4, bringing the outstanding stock to $26.4 trillion.
"The decline in cross
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