Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
This paper examines whether U.K.-owned banks domestic lending is affected by prudential actions in other countries where the banks have exposures. We also examine the impact of a change in prudential policy in a foreign-owned U.K.- resident banks home jurisdiction on its lending to the United Kingdom. Our results suggest that prudential actions taken abroad do not have significant spillover effects on bank lending in the U.K. economy as a whole. But there are more disaggregated sectoral effects: for instance, when a foreign authority tightens loan-to-value standards, U.K. affiliates of banks owned from that country expand their lending to U.K. households.