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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 … studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk …

Persistent link: https://www.econbiz.de/10012458364

Foreign Direct Investment, Trade and Real Exchange Rate Linkages in Developing Countries

Goldberg, Linda S. - 1997

We investigate the relationships among trade, foreign direct investment and the real exchange rate between a set of Southeast Asian and Latin American countries and both the United States and Japan. Foreign direct investment by both Japan and the United States to the Southeast Asian countries in...

Persistent link: https://www.econbiz.de/10012472472

Predicting Exchange Rate Crises : Mexico Revisited

Goldberg, Linda S. - 1990

This paper predicts ex-ante the probability of currency crises end size of expected devaluations month by month for Mexico between 1980 and 1986 using a heterodox linear discrete time model of exchange rate crises. The forces contributing to speculative attacks on the Mexican peso include...

Persistent link: https://www.econbiz.de/10012475715

International Capital Flow Pressures

Goldberg, Linda S. - 2018

Risk Response Index, which reflects the country-specific sensitivity of capital flow pressures to measures of global risk … aversion. For a large sample of countries over time, we demonstrate time variation in the effects of global risk on exchange … market pressures, the evolving importance of the global factor across types of countries, and the changing risk-on or risk …

Persistent link: https://www.econbiz.de/10012453428

Global Banks and International Shock Transmission : Evidence from the Crisis

Cetorelli, Nicola - 2010

Global banks played a significant role in the transmission of the 2007 to 2009 crisis to emerging market economies. We examine the relationships between adverse liquidity shocks on main developed-country banking systems to emerging markets across Europe, Asia, and Latin America, isolating loan...

Persistent link: https://www.econbiz.de/10012462678

Central Bank Dollar Swap Lines and Overseas Dollar Funding Costs

Goldberg, Linda S. - 2010

Following a scarcity of dollar funding available internationally to banks and financial institutions, starting in December 2007 the Federal Reserve established or expanded Temporary Reciprocal Currency Arrangements with fourteen foreign central banks. These central banks had the capacity to use...

Persistent link: https://www.econbiz.de/10012462892

Micro, Macro, and Strategic Forces in International Trade Invoicing

Goldberg, Linda S. - 2009

The use of different currencies in the invoicing of international trade transactions plays a major role in the international transmission of economic fluctuations. Existing studies argue that an exporter's invoicing choice reflects structural aspects of her industry, such as market share and the...

Persistent link: https://www.econbiz.de/10012463179

Macroeconomic Interdependence and the International Role of the Dollar

Goldberg, Linda S. - 2008

The U.S. dollar holds a dominant place in the invoicing of international trade, along two complementary dimensions. First, most U.S. exports and imports invoiced in dollars. Second, trade flows that do not involve the United States are also substantially invoiced in dollars, an aspect that has...

Persistent link: https://www.econbiz.de/10012464827

The International Role of the Dollar and Trade Balance Adjustment

Goldberg, Linda S. - 2006

become cheaper in the rest of the world. Real U.S. imports are affected less because U.S. prices are more insulated from …

Persistent link: https://www.econbiz.de/10012466170

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 through how these banks manage liquidity across their entire banking organization. We document that funds regularly flow between parent banks and their affiliates in diverse...

Persistent link: https://www.econbiz.de/10012461303