After the developing-country debt crisis began in 1982 (see Chapter 11), U.S. bank regulators imposed tighter supervisory
Question:
After the developing-country debt crisis began in 1982 (see Chapter 11), U.S.
bank regulators imposed tighter supervisory restrictions on the lending policies of American banks and their subsidiaries. Over the 1980s, the share of U.S. banks in London banking activity declined. Can you suggest a connection between these two developments?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
International Finance: Theory And Policy
ISBN: 9781292065199
10th Edition
Authors: Krugman, Paul R.; Melitz, Marc J.; Obstfeld, Maurice
Question Posted: