摘要：This paper investigates the foreign funding mix of globally active banks. Using BIS internationalbanking statistics for a panel of 12 advanced economies, we detect a structural break ininternational bank funding at the onset of the great financial crisis. In their post-break businessmodel, banks rely less on cross-border liabilities and, instead, tap funds from outside theirjurisdictions by making more active use of their subsidiaries and branches, as well as inter-officeaccounts within the same banking group.
关键词：bank funding; global banking; cointegration analysis.
