Foreign Lending Exposure
Last summer’s Southeast Asian financial problems were reflected in 1997:IVQ as a declining exposure of U.S. banks to countries in that region. (Exposure had increased in 1997:IIIQ for Indonesia and China.) Analysts have voiced concern that Latin America could suffer a contagion effect, but results have been mixed: Exposure to Brazil rose for the third consecutive quarter, while exposure to Mexico declined.
Suggested citation: “Foreign Lending Exposure,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-06, pp. 18, 06.01.1998.