the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments …. Essentially, the financial sector was able to create "safe" assets from the securitization of lower quality ones, but at the cost …

Global liquidity refers to the volumes of financial flows - largely intermediated through global banks and non-bank … regulatory agendas related to non-bank financial institutions …

different types of assets: equities, bonds and bank lending and new micro data on institutional holdings of equity at the fund …

The post-crisis period has seen a considerable shift in the composition and drivers of international bank lending and … "taper tantrum", and then partially reverted towards pre-crisis levels. Conversely, the responsiveness of international bank … securities. The increased sensitivity of international bank flows to US monetary policy has been driven mainly by post …

large asset price spillovers of country-specific shocks to bank capital. The impact of these shocks on asset prices are … amplified by bank capital requirements based on mark-to-market …