Showing 1 - 10 of 183
Joint written testimony before the Congressional Oversight Panel, Washington, D.C.
Persistent link: https://www.econbiz.de/10010724976
Global banks played a significant role in transmitting the 2007-09 financial crisis to emerging-market economies. We examine adverse liquidity shocks on main developed-country banking systems and their relationships to emerging markets across Europe, Asia, and Latin America, isolating loan...
Persistent link: https://www.econbiz.de/10008498298
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/10005526315
This paper proposes a model to investigate the effects of monetary policy in an emerging market economy that experiences a sudden stop of capital inflows. The model features credit frictions, debt denominated in foreign currency, imported inputs, and households that have access to the...
Persistent link: https://www.econbiz.de/10005420493
the credit market. We document that, following deregulation, (1) overall lending increased, (2) loss rates on loans …
Persistent link: https://www.econbiz.de/10005420638
Payday loans are widely condemned as a “predatory debt trap.” We test that claim by researching how households in … Georgia and North Carolina have fared since those states banned payday loans in May 2004 and December 2005. Compared with … substitutes such as the bounced-check “protection” sold by credit unions and banks or loans from pawnshops.> …
Persistent link: https://www.econbiz.de/10005420672
In August of 2007, banks faced a freeze in funding liquidity from the asset-backed commercial paper (ABCP) market. We investigate how banks scrambled for liquidity in response to this freeze and its implications for corporate borrowing. Commercial banks in the United States raised deposits and...
Persistent link: https://www.econbiz.de/10010690282
This paper develops and tests a theoretical model that allows for the endogenous decision of banks to engage in international and global banking. International banking, where banks raise capital in the home market and lend it abroad, is driven by differences in factor endowments across...
Persistent link: https://www.econbiz.de/10010585876
.S. securities markets, examines loans of Treasury and agency securities in the domestic market. It highlights some important … loans. While we note that this characteristic sets securities lending apart from most repurchase agreement (repo …
Persistent link: https://www.econbiz.de/10011027200
Persistent link: https://www.econbiz.de/10005512200