摘要：We study whether foreign and domestic banks in Central and Eastern Europe have reacted
differently to business cycle conditions and host country banking crises. Our unique panel
dataset comprises data of more than 300 banks for the period 1993-2000, with detailed
information on bank ownership. Our analysis shows that during crisis periods domestic banks
contracted their credit and deposit bases, whereas foreign banks did not. Also, home country
conditions matter for foreign bank growth, as there is a significant and negative relationship
between home country economic growth and host country credit by foreign banks.
