Most description and analysis of international bank lending is based on data expressed in nominal terms. While this might be sufficient for some purposes, particularly when looking at the behaviour of banks, there ar.e also occasions when it could be useful to allow for price movements, or to compare the scale of lending with some measure of economic activity. This note considers some aspects of debt accumulation from the borrower's perspective, and of the pattern offinancing, by examining some possible methods of deflating or scaling the nominal stock of international bank lending.
Deflation and scaling of international bank lending