01817cas a2200241 a 4500 AALejournalIMF018180 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484336779 1018-5941 BD-DhAAL BD-DhAAL Arakelyan, Maria. Foreign Banks and Credit Dynamics in CESEE / Maria Arakelyan. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We use bank-level data on 16 CESEE economies over 2005-2014 to assess the role of foreign banks in the region's credit dynamics. We confirm that macroeconomic fundamentals of both host and home countries matter, as do the bank and parent bank characteristics. Moreover, we take a new approach by studying the drivers of differential credit growth between parent banks and their foreign subsidiaries. Host country macroeconomic fundamentals cease to play a significant role, while bank-level characteristics and in particular parent bank-level characteristics remain important. From policymakers' perspective, the paper provides further empirical evidence on the importance of monitoring the health of foreign parent banks as well as the potential regulatory changes in their home jurisdictions. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2018/003 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/003/001.2018.issue-003-en.xml IMF e-Library