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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/10013121030
between integration and synchronization depends on the type of shocks hitting the world economy, and that shocks to global …
Persistent link: https://www.econbiz.de/10013104063
The sensitivity of the main global liquidity components, international loan and bond flows, to global factors varied considerably over the past decade. The estimated sensitivity to US monetary policy rose substantially in the immediate aftermath of the Global Financial Crisis, peaked around the...
Persistent link: https://www.econbiz.de/10012952502
The global financial crisis of 2008 was followed by a wave of regulatory reforms that affected large banks, especially those with a global presence. These reforms were reactive to the crisis.In this paper we propose a structural model of global banking that can be used proactively to perform...
Persistent link: https://www.econbiz.de/10012908819
The global imbalance explanation of the financial crisis of 2007-09 suggests that demand for riskless assets from countries with current account surpluses created fragility in countries with current account deficits, most notably, in the United States. We examine this explanation by analyzing...
Persistent link: https://www.econbiz.de/10013224410
across Europe, Asia, and Latin America, isolating loan supply from loan demand effects. Loan supply in emerging markets was … interventions, such as the Vienna Initiative introduced in Europe, influenced the lending channel effects on emerging markets of …
Persistent link: https://www.econbiz.de/10013143762
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This paper considers the question of whether international banks learn from their previous crisis experiences and reduce their lending to developing countries in the event of a financial crisis. The analysis combines a bank-level dataset of bank activity and ownership with country-level data on...
Persistent link: https://www.econbiz.de/10010345591