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first comprehensive empirical analysis of bank CoCo issues, a market segment that comprises over 730 instruments totaling …
Persistent link: https://www.econbiz.de/10012942917
This paper explores the basic question of whose monetary policy matters for banks' international lending. In the international context, monetary policies from several countries could come into play: the lender's, the borrower's, and that of a third country, the issuer of the currency in which...
Persistent link: https://www.econbiz.de/10012912467
regardless of the nationality of the parent bank. Which layer matters most? Do these policies create cross-border spillovers? And … decompose growth in cross-border bank lending into separate home, host and common components, and then match each with the home …, which depend on the instrument used and on whether a bank's home or host country implemented them. Home policies tend to …
Persistent link: https://www.econbiz.de/10012837526
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 …
Persistent link: https://www.econbiz.de/10012954014
from a panel dataset populated with bank-level observations from the Bankscope database. Using this database, we identify …
Persistent link: https://www.econbiz.de/10012910259
We demonstrate that currency networks in cross-border bank lending have a significant impact on the size, distribution … statistics, which simultaneously provide information on the lender, borrower and currency composition of cross-border bank claims …
Persistent link: https://www.econbiz.de/10012996640
a significant impact on international bank lending. Balance sheet characteristics play an important role in determining …
Persistent link: https://www.econbiz.de/10012980704
We construct a new data set of quarterly international capital flows by sector, with an emphasis on debt flows. Using our new data set, we establish four facts. First, the co-movement of capital inflows and outflows is driven by inflows and outflows vis-à-vis the domestic banking sector....
Persistent link: https://www.econbiz.de/10012896698
first comprehensive empirical analysis of bank CoCo issues, a market segment that comprises over 730 instruments totaling …
Persistent link: https://www.econbiz.de/10012453715
We construct a new dataset of quarterly capital flows by sector and establish four facts. First, the co-movement of capital inflows and outflows is driven by banks. Second, procyclicality of capital inflows is driven by banks and corporates, whereas sovereigns' external liabilities move...
Persistent link: https://www.econbiz.de/10012455565