U.S. Bank Lending Abroad
Late October’s financial crises in Southeast Asia have rocked U.S. equity markets and created fears of a possible decline in exports. U.S. banks are vulnerable to this chain of events because of their lending to U.S. exporters as well as their direct lending abroad.
Suggested citation: “U.S. Bank Lending Abroad,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-12, pp. 17, 12.01.1997.