Durdu, Bora; Martin, Alex; Zer, Ilknur - 2019
We examine the role of U.S. monetary policy in global financial stability by using a cross-country database spanning … the period from 1870-2010 across 69 countries. U.S. monetary policy tightening increases the probability of banking crises … probability of banking crises increases. These findings suggest that the effect of U.S. monetary policy in global banking crises …