The architecture of global banking: from international to multinational?

The financial crisis has led to a reconsideration of banks' global business models. This special feature draws on the BIS banking statistics to distinguish between "international" and "multinational" banks and the implied geographical funding patterns, and to consider how the crisis put these funding models to the test. We find that local positions proved to be more stable, especially in emerging markets.

JEL classification: F34, F36, G21