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The Shifting Drivers of Global Liquidity

Avdjiev, Stefan - 2017

The sensitivity of the main global liquidity components, international loan and bond flows, to global factors varied considerably over the past decade. The estimated sensitivity to US monetary policy rose substantially in the immediate aftermath of the Global Financial Crisis, peaked around the...

Persistent link: https://www.econbiz.de/10012952502

Exchange-Rate Pass-Through to Import Prices in the Euro Area

Campa, José Manuel - 2009

countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of … the introduction of the euro caused a structural change in this transmission. Although estimated point elasticities seem … to have declined since the introduction of the euro, we find little evidence of a structural break in the transmission of …

Persistent link: https://www.econbiz.de/10012767524

When is U.S. Bank Lending to Emerging Markets Volatile?

Goldberg, Linda S. - 2001

Using bank-specific data on U.S. bank claims on individual foreign countries since the mid-1980s, this paper: 1) characterizes the size and portfolio diversification patterns of the U.S. banks engaging in foreign lending; and 2) econometrically explores the determinants of fluctuations in U.S....

Persistent link: https://www.econbiz.de/10012787752

Liquidity Management of U.S. Global Banks : Internal Capital Markets in the Great Recession

Cetorelli, Nicola - 2011

The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage is through how these banks manage liquidity across their entire banking organization. We document that funds regularly flow between parent banks and their affiliates in diverse...

Persistent link: https://www.econbiz.de/10013121030