Remarks at the Thirty-Seventh Annual Jackson Hole Symposium, Jackson Hole, Wyoming.

Remarks at the Foreign Policy Association Corporate Dinner, New York City

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...

Remarks at the Whitman School of Management at Syracuse University, Syracuse, New York.

Remarks at the Council of Society Business Economists Annual Dinner, London, United Kingdom.

Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.

Remarks at the IIF Annual Meeting of Latin America Chief Executives, Santiago, Chile.

Several recent studies document that the extent to which banks transmit shocks across borders depends on the type of foreign activities these banks engage in. This paper proposes a model to explain the composition of banks’ foreign activities, distinguishing between international interbank...

Remarks at the Tenth Asia-Pacific High Level Meeting on Banking Supervision, Auckland, New Zealand

Remarks at the International Financial Conference Annual Meeting, Cartagena, Colombia.