affiliates in diverse foreign markets. We use the Great Recession as an opportunity to identify the balance-sheet shocks to … parent banks in the United States and then explore which features of foreign affiliates are associated with protecting, for … example, their status as important locations in sourcing funding or as destinations for foreign investment activity. We show …

Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the …

Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the …

Individual banks differ substantially in their foreign operations. This paper introduces heterogeneous banks into a … fixed costs in banking. Banks hold more assets and liabilities in foreign affiliates relative to cross-border positions if … the target country is further away and the cost of foreign direct investment is low. These results suggest that fixed …

We investigate the economically and statistically significant positive correlation between monthly foreign purchases of … Mexican stocks and Mexican stock returns. We find that 1 percent of market capitalization surprise foreign inflow is … Merton (1987) or correlations with other factors causing returns, price pressures, or positive feedback strategies by foreign …