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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

The shifting drivers of global liquidity

Avdjiev, Stefan; Gambacorta, Leonardo; Goldberg, Linda S.; … - 2017

The post-crisis period has seen a considerable shift in the composition and drivers of international bank lending and international bond issuance, the two main components of global liquidity. The sensitivity of both types of flows to U.S. monetary policy rose substantially in the immediate...

Persistent link: https://www.econbiz.de/10011942764

Banking globalization, transmission, and monetary policy autonomy

Goldberg, Linda S. - 2013

International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...

Persistent link: https://www.econbiz.de/10010333575

Global banks and international shock transmission: Evidence from the crisis

Cetorelli, Nicola; Goldberg, Linda S. - 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/10010287023

Cross-Border Prudential Policy Spillovers : How Much? How Important? Evidence from the International Banking Research Network

Buch, Claudia M. - 2017

The development of macroprudential policy tools has been one of the most significant changes in banking regulation in recent years. In this multi-study initiative of the International Banking Research Network (IBRN), researchers from 15 central banks and 2 international organizations use...

Persistent link: https://www.econbiz.de/10012963211

Black Monday, Globalization and Trading Behavior of Stock Investors

Kurz-Kim, Jeong-Ryeol - 2016

Using a simple sign test, we report new empirical evidence, taken from both the US and the German stock markets, showing that trading behavior substantially changed around Black Monday in 1987. It turned out that before Black Monday investors behaved more as in the momentum strategy; and after...

Persistent link: https://www.econbiz.de/10012988408

Credit Risk Connectivity in the Financial Industry and Stabilization Effects of Government Bailouts

Bosma, Jakob - 2016

We identify the connections between financial institutions from different sectors of the financial industry based on joint extreme movements in credit default swap (CDS) spreads. First, we estimate pairwise co-crash probabilities (CCP) to identify significant connections among 193 international...

Persistent link: https://www.econbiz.de/10012988821

Does foreign ownership contribute to sounder banks in emerging markets? The Latin American experience

Crystal, Jennifer S.; Dages, B.Gerard; Goldberg, Linda S. - 2001

Foreign bank entrants into emerging markets are usually thought to improve the condition and performance of acquired institutions, and more generally to enhance local financial stability. We use bank-specific data for a range of Latin American countries since the mid-1990s to address elements of...

Persistent link: https://www.econbiz.de/10010283406

Banking globalization, monetary transmission, and the lending channel

Cetorelli, Nicola; Goldberg, Linda S. - 2008

The globalization of banking in the United States is influencing the monetary transmission mechanism both domestically and in foreign markets. Using quarterly information from all U.S. banks filing call reports between 1980 and 2006, we show that globalized banks activate internal capital...

Persistent link: https://www.econbiz.de/10010283555

Follow the money: Quantifying domestic effects of foreign bank shocks in the great recession

Cetorelli, Nicola; Goldberg, Linda S. - 2012

Foreign banks pulled signifi cant 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 balance...

Persistent link: https://www.econbiz.de/10010287109