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Liquidity Management of U.S. Global Banks : Internal Capital Markets in the Great Recession

Cetorelli, Nicola - 2011

The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage is the liquidity management of these banks, specifically the regular flow of funds between parent banks and their affiliates in diverse foreign markets. We use the Great...

Persistent link: https://www.econbiz.de/10013121120

Globalized Banks : Lending to Emerging Markets in the Crisis

Cetorelli, Nicola - 2009

As banking has become more globalized, so too have the consequences of shocks originating in home and host markets. Global banks can provide liquidity and risk-sharing opportunities to the host market in the event of adverse host-country shocks, but they can also have profound effects across...

Persistent link: https://www.econbiz.de/10013158192

Global Banks and International Shock Transmission : Evidence from the Crisis

Cetorelli, Nicola - 2010

Europe, Asia, and Latin America, isolating loan supply from loan demand effects. Loan supply in emerging markets across … Europe, Asia, and Latin America was affected significantly through three separate channels: 1) a contraction in direct, cross … interbank, cross-border lending. Policy interventions, such as the Vienna Initiative introduced in Europe, influenced the …

Persistent link: https://www.econbiz.de/10013143481

Follow the Money : Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession

Cetorelli, Nicola - 2012

Foreign banks pulled significant funding from their U.S. branches during the Great Recession. We estimate that the average-sized branch experienced a 12 percent net internal fund “withdrawal,” with the fund transfer disproportionately bigger for larger branches. This internal shock to the...

Persistent link: https://www.econbiz.de/10013110969

International Banking and Liquidity Risk Transmission : Lessons from Across Countries

Buch, Claudia M. - 2014

Network, established in 2012, brings together researchers from around the world with access to micro-level data on individual …

Persistent link: https://www.econbiz.de/10013053332

International Banking and Liquidity Risk Transmission : Lessons from Across Countries

Buch, Claudia M. - 2016

Network (IBRN), established in 2012, brings together researchers from around the world with access to micro-data on individual …

Persistent link: https://www.econbiz.de/10012988740

COVID Response : The Fed’s Central Bank Swap Lines and FIMA Repo Facility

Choi, Mark; Goldberg, Linda S.; Lerman, Robert I; … - 2021

Building on the facility design and application experience from the period of the global financial crisis, in March 2020 the Federal Reserve eased the terms on its standing swap lines in collaboration with other central banks, reactivated temporary swap agreements, and then introduced the new...

Persistent link: https://www.econbiz.de/10013211409

Federal Reserve Liquidity Provision during the Financial Crisis of 2007-2009

Fleming, Michael J. - 2012

This paper examines the Federal Reserve's unprecedented liquidity provision during the financial crisis of 2007-2009. It first reviews how the Fed provides liquidity in normal times. It then explains how the Fed's new and expanded liquidity facilities were intended to enable the central bank to...

Persistent link: https://www.econbiz.de/10013102405

Dealer Financial Conditions and Lender-of-Last Resort Facilities

Acharya, Viral V. - 2014

We examine the financial conditions of dealers that participated in two of the Federal Reserve's lender-of-last-resort (LOLR) facilities -- the Term Securities Lending Facility (TSLF) and the Primary Dealer Credit Facility (PDCF) -- that provided liquidity against a range of assets during...

Persistent link: https://www.econbiz.de/10013053793

Liquidity Provision as a Monetary Policy Tool : The Ecb's Non-Standard Measures after the Financial Crisis

Quint, Dominic - 2018

We study the macroeconomic consequences of the money market tensions associated with the financial crisis in the euro area. In a structural VAR, we identify a liquidity shock rooted in the interbank market and use its impulse response functions to calibrate key parameters of a Smets and Wouters...

Persistent link: https://www.econbiz.de/10012930940