Bank internationalisation during the Global Financial Crisis: An Asia Pacific perspective

Jonathan Andrew Batten, Peter Szilagyi

Research output: Contribution to journalArticleResearchpeer-review

4 Citations (Scopus)

Abstract

Bank internationalisation traditionally takes the form of lending to non-residents, but increasingly non-resident securities are purchased. These assets are funded mostly by international loans and deposits, rather than the issuance of securities. Within the Asia Pacific region, the largest net beneficiaries of international bank funding to developing economies are China, India and South Korea. Importantly, apart from the financial centres of Hong Kong and Singapore, which show significant outward as well as inward banking flows, Chinese Taipei is an important international lender. Australia and New Zealand remain significant net international borrowers. The Global Financial Crisis reversed earlier developments with China and Japan now becoming net international borrowers, while both Hong Kong and Singapore have reduced their net asset positions.
Original languageEnglish
Pages (from-to)372 - 392
Number of pages21
JournalJournal of the Asia Pacific Economy
Volume16
Issue number3
DOIs
Publication statusPublished - 2011
Externally publishedYes

Cite this