Deglobalisation shocks, cross-border lending and positive effects of internal capital markets using the Brexit referendum as a case in point

Effects of the Brexit referendum shock on bank lending to UK firms
Internal capital markets stabilise firms in times of crisis
Following a deglobalisation shock, banks adjust their lending and prefer familiar borrowers
Conclusion
References
Authors

Björn Imbierowicz
Deutsche Bundesbank, Research Centre

Arne Nagengast
Deutsche Bundesbank, Deutsche Bundesbank, Directorate General Economics
Esteban Prieto
Deutsche Bundesbank, Directorate General Financial Stability
Ursula Vogel
Deutsche Bundesbank, Directorate General Financial Stability
Disclaimer
The views expressed here do not necessarily reflect the opinion of the Deutsche Bundesbank or the Eurosystem.