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The Global Crisis and Financial Intermediation in Emerging Market Economies

Dec 01, 2010 | Monetary and Economic Department | Bank for International Settlements (BIS)

On 28–29 January 2010, senior central bank officials from Emerging Market Economies (EMEs) met at the BIS in Basel to discuss the impact of the international crisis on emerging market economies and how policymakers had responded. This overview draws on that discussion, which highlighted four topics: (i) capital flows and cross-border lending; (ii) financial intermediation in EMEs during the crisis: home-owned versus foreign-owned banks; (iii) the impact of the crisis on local money and debt markets; and (iv) central bank instruments in response to the crisis.

Theme: Financial Stability & Governance | Pages: 411