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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 the liquidity management of these banks, specifically the regular flow of funds between parent banks and their affiliates in diverse foreign markets. We use the Great...

Persistent link: https://www.econbiz.de/10013121120

Globalized Banks : Lending to Emerging Markets in the Crisis

Cetorelli, Nicola - 2009

As banking has become more globalized, so too have the consequences of shocks originating in home and host markets. Global banks can provide liquidity and risk-sharing opportunities to the host market in the event of adverse host-country shocks, but they can also have profound effects across...

Persistent link: https://www.econbiz.de/10013158192

Global Banks and International Shock Transmission : Evidence from the Crisis

Cetorelli, Nicola - 2010

Europe, Asia, and Latin America, isolating loan supply from loan demand effects. Loan supply in emerging markets across … Europe, Asia, and Latin America was affected significantly through three separate channels: 1) a contraction in direct, cross … interbank, cross-border lending. Policy interventions, such as the Vienna Initiative introduced in Europe, influenced the …

Persistent link: https://www.econbiz.de/10013143481

Follow the Money : Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession

Cetorelli, Nicola - 2012

Foreign banks pulled significant funding from their U.S. branches during the Great Recession. We estimate that the average-sized branch experienced a 12 percent net internal fund “withdrawal,” with the fund transfer disproportionately bigger for larger branches. This internal shock to the...

Persistent link: https://www.econbiz.de/10013110969

International Banking and Liquidity Risk Transmission : Lessons from Across Countries

Buch, Claudia M. - 2014

Network, established in 2012, brings together researchers from around the world with access to micro-level data on individual …

Persistent link: https://www.econbiz.de/10013053332

International Banking and Liquidity Risk Transmission : Lessons from Across Countries

Buch, Claudia M. - 2016

Network (IBRN), established in 2012, brings together researchers from around the world with access to micro-data on individual …

Persistent link: https://www.econbiz.de/10012988740

COVID Response : The Fed’s Central Bank Swap Lines and FIMA Repo Facility

Choi, Mark; Goldberg, Linda S.; Lerman, Robert I; … - 2021

Building on the facility design and application experience from the period of the global financial crisis, in March 2020 the Federal Reserve eased the terms on its standing swap lines in collaboration with other central banks, reactivated temporary swap agreements, and then introduced the new...

Persistent link: https://www.econbiz.de/10013211409

The International Role of the Dollar : Does It Matter if This Changes?

Goldberg, Linda S. - 2011

There is often speculation that the international roles of currencies may be changing. This paper presents the current status of these roles. The U.S. dollar continues to be the dominant currency across various uses. Yet, such a role may change over time. If this occurs, there could be...

Persistent link: https://www.econbiz.de/10013119501

Banking Globalization, Transmission, and Monetary Policy Autonomy

Goldberg, Linda S. - 2013

International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...

Persistent link: https://www.econbiz.de/10013075025

Cross-Border Prudential Policy Spillovers : How Much? How Important? Evidence from the International Banking Research Network

Buch, Claudia M. - 2017

The development of macroprudential policy tools has been one of the most significant changes in banking regulation in recent years. In this multi-study initiative of the International Banking Research Network (IBRN), researchers from 15 central banks and 2 international organizations use...

Persistent link: https://www.econbiz.de/10012963211