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global factors driving cross-border bank flows, alongside country-specific factors. It confirms the explanatory power of US … financial conditions, with flows decreasing in market volatility (VIX) and term premia, and increasing in bank leverage, growth … Area – are also important, sometimes even more so, consistent with the dominant role of European banks in cross …
Persistent link: https://www.econbiz.de/10013053045
The Great Financial Crisis of 2007-09 confirmed the vital importance of advancing our understanding of macrofinancial linkages, the two-way interactions between the real economy and the financial sector. The crisis was a bitter reminder of how sharp fluctuations in asset prices, credit and...
Persistent link: https://www.econbiz.de/10012929483
markets, have used these tools and analyses suggest that some can reduce procyclicality and crisis risks. Yet, much remains to …
Persistent link: https://www.econbiz.de/10013031160
International banks greatly reduced their direct cross-border and local affiliates' lending as the global financial … banks' vulnerabilities, with banks' financial statement variables and lender-borrower country characteristics playing minor …
Persistent link: https://www.econbiz.de/10013045260
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper...
Persistent link: https://www.econbiz.de/10013086317