Showing 1 - 10 of 264,985
Global banks use their global balance sheets to respond to local monetary policy. However, sources and uses of funds are often denominated in different currencies. This leads to a foreign exchange (FX) exposure that banks need to hedge. If cross-currency flows are large, the hedging cost...
Persistent link: https://www.econbiz.de/10011687276
We analyze the impact of monetary policy on bilateral cross-border bank flows using the BIS Locational Banking …-border bank flows. In addition, we find evidence in favor of a cross-border bank portfolio channel. As relatively tighter monetary …
Persistent link: https://www.econbiz.de/10011967372
The globalization of banking in the United States is influencing the monetary transmission mechanism both domestically …
Persistent link: https://www.econbiz.de/10012991118
This paper explores the basic question of whose monetary policy matters for banks' international lending. In the international context, monetary policies from several countries could come into play: the lender's, the borrower's, and that of a third country, the issuer of the currency in which...
Persistent link: https://www.econbiz.de/10012912467
the loan interest rates to variations on the domestic policy rate, the number of foreign subordinates of the lender bank …
Persistent link: https://www.econbiz.de/10012864777
.S. bank-level regulatory dataset to assess at a quarterly frequency how changes in the U.S. Federal funds rate (before the … consistent with the existence of a potent global bank lending channel. In response to changes in U.S. monetary conditions, U ….S. banks strongly adjust their cross-border claims in both the pre and post-crisis period. However, we also find that U.S. bank …
Persistent link: https://www.econbiz.de/10011803798
global bank subsidiaries might be used in new risky positions …
Persistent link: https://www.econbiz.de/10014257988
non-banks. Third, this currency dimension of the bank lending channel works similarly across the three currencies … suggesting that the cross-border bank lending channel of liquidity shock transmission may not be unique to lending in USD …
Persistent link: https://www.econbiz.de/10011708082
We demonstrate that currency networks in cross-border bank lending have a significant impact on the size, distribution … statistics, which simultaneously provide information on the lender, borrower and currency composition of cross-border bank claims …
Persistent link: https://www.econbiz.de/10012996640
We provide new evidence on the bank lending channel of monetary policy using bank-level data of 440 banks from eleven … both normal and crisis times, iii) foreign parent bank characteristics are irrelevant for the bank lending channel. We …
Persistent link: https://www.econbiz.de/10011689468