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International Financial Contagion and the Fund; A Theoretical Framework

Clark, Peter B.; Huang, Haizhou - International Monetary Fund (IMF) - 2001

a lower IMF rate. Highly indebted countries hit by large negative shocks to output will default. The resulting reduction … further rounds of defaults. In this environment the IMF can limit default and internalize the externality generated by … contagion through its lending with conditionality. We characterize the IMF's optimal lending decision in mitigating the loss in …

Persistent link: https://www.econbiz.de/10005826144

Price discovery on traded inflation expectations: does the financial crisis matter?

Schulz, Alexander; Stapf, Jelena - Deutsche Bundesbank - 2009

We analyze contributions of different markets to price discovery on traded inflation expectations and how it changed during the financial crisis. The quicker information is processed on one market and the less one market is disrupted by the financial crisis the more valuable is its information...

Persistent link: https://www.econbiz.de/10005049667

Crises, rescues, and policy transmission through international banks

Buch, Claudia M.; Koch, Cathérine Tahmee; Koetter, Michael - Deutsche Bundesbank - 2011

The World Financial Crisis has shaken the fundamentals of international banking and triggered a downward spiral of asset prices. To prevent a further meltdown of markets, governments have intervened massively through rescues measures aimed at recapitalizing banks and through liquidity support....

Persistent link: https://www.econbiz.de/10009283655

Cross-border bank lending, risk aversion and the financial crisis

Düwel, Cornelia; Frey, Rainer; Lipponer, Alexander - Deutsche Bundesbank - 2011

This study investigates the determinants of adjustments in the provision of cross-border loans by internationally active banks. For the period from 2002 to 2010, we look at quarterly transaction data (excluding valuation effects) on long-term loans issued by the largest 69 German banking groups...

Persistent link: https://www.econbiz.de/10009646498

Repo funding and internal capital markets in the financial crisis

Düwel, Cornelia - Deutsche Bundesbank - 2013

This paper examines how the exposure of German parent banks to the disruptions on sale and repurchase markets (repo markets) during the financial crisis has affected their provision of funds to their foreign branches and subsidiaries via bank-internal capital markets. The collapse of the...

Persistent link: https://www.econbiz.de/10010984715

Competition for internal funds within multinational banks: Foreign affiliate lending in the crisis

Düwel, Cornelia; Frey, Rainer - Deutsche Bundesbank - 2012

We investigate how the lending activities of a multinational bank's affiliates located abroad are affected by funding difficulties in view of the financial crisis. For this, we consider transaction-induced changes in long-term lending to the private sector of 40 countries by the affiliates of...

Persistent link: https://www.econbiz.de/10010984726