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No guarantees, no trade: how banks affect export patterns
Niepmann, Friederike - Federal Reserve Bank of New York - 2013
This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The identification strategy exploits variation in the importance of banks as providers of letters of credit across countries. The larger a U.S. bank’s share of the trade finance market...
Persistent link: https://www.econbiz.de/10010739556
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What determines the composition of international bank flows?
Niepmann, Friederike; Kerl, Cornelia - Federal Reserve Bank of New York - 2014
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...
Persistent link: https://www.econbiz.de/10010884927
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CDS and equity market reactions to stock issuances in the U.S. financial industry: evidence from the 2002-13 period
Mehran, Hamid; Wei, Chenyang; Cornette, Marcia Millon; … - Federal Reserve Bank of New York - 2014
. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using …
Persistent link: https://www.econbiz.de/10010942922
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Supervisory stress tests
Hirtle, Beverly; Lehnert, Andreas - Federal Reserve Bank of New York - 2014
This article describes the background, design choices and particular details of stress tests used as part of an overall supervisory regime; that is, their formal integration into the process of the ongoing prudential supervision of banks and other large financial institutions. We then describe...
Persistent link: https://www.econbiz.de/10010942923
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The new era of supervision: progress to date and the road ahead
Dahlgren, Sarah J. - Federal Reserve Bank of New York - 2014
Remarks at the New York Bankers Association's Annual Meeting, New York City.
Persistent link: https://www.econbiz.de/10010951606
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The effect of state pension cut legislation on bank values
Mehran, Hamid; Cohen, Lee; Cornette, Marcia Millon; … - Federal Reserve Bank of New York - 2014
This study provides an empirical analysis of the impact of Wisconsin and Ohio pension cut legislation on values of banks operating in Wisconsin and Ohio, banks operating in other states in which pension cut legislation was being considered as Wisconsin and Ohio went through its legislative...
Persistent link: https://www.econbiz.de/10010823097
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Bank holding company dividends and repurchases during the financial crisis
Hirtle, Beverly - Federal Reserve Bank of New York - 2014
Many large U.S. bank holding companies (BHCs) continued to pay dividends during the recent financial crisis, even as financial market conditions deteriorated, large losses accumulated, and emergency capital and liquidity were being provided by the official sector. In contrast, share repurchases...
Persistent link: https://www.econbiz.de/10010757407
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Liquidity risk and U.S. bank lending at home and abroad
Goldberg, Linda S.; Correa, Ricardo; Rice, Tara - Federal Reserve Bank of New York - 2014
-sectional differences in response to liquidity risk depend on the banks’ shares of core deposit funding. By contrast, differences across …
Persistent link: https://www.econbiz.de/10010784189
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International banking and liquidity risk transmission: lessons from across countries
Buch, Claudia M.; Goldberg, Linda S. - Federal Reserve Bank of New York - 2014
studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …
Persistent link: https://www.econbiz.de/10010784190
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Bank heterogeneity and capital allocation: evidence from "fracking" shocks
Plosser, Matthew Charles - Federal Reserve Bank of New York - 2014
assets and lending allocations fall to 22 percent. Banks with low risk tolerance or less access to liquidity are particularly …
Persistent link: https://www.econbiz.de/10010936676