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domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S. cross-border bank lending …-border bank lending. The magnitude of the effect is also economically significant: the effect of 1 percent of GDP increase …
Persistent link: https://www.econbiz.de/10012102123
policy measures often affect cross-border bank credit, whereas capital measures do not. This empirical evidence is stronger … generally regionally concentrated. Consistently, structural model based simulation analysis indicates that output and bank …
Persistent link: https://www.econbiz.de/10011705323
The paper examines the slowdown of lending by large U.S. banks over the period 2007Q3 - 2009Q2, focusing on: (i) whether capital or liquidity was the binding constraint; (ii) factors influencing banks’ decision to hold capital; and (iii) their pricing behavior. Using quarterly data for the...
Persistent link: https://www.econbiz.de/10014402679
Persistent link: https://www.econbiz.de/10009486243
During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in...
Persistent link: https://www.econbiz.de/10009659761
better capturing creditor banking systems’ foreign credit exposures and borrower countries’ reliance on foreign bank credit …, by combining BIS data with bank-level data. The results indicate that the proposed refinements matter, especially when … foreign bank affiliates’ funding relies heavily on local deposits. In addition, after developing novel and necessary break …
Persistent link: https://www.econbiz.de/10012671008
This paper analyzes the drivers of cross-border bank lending to 49 Emerging Markets (EMs) during the period 1990Q1 … literature has traditionally highlighted the influence of US monetary policy on driving cross-border bank flows, and more … decrease in bank leverage, our results indicate a broad-based overall contraction of cross-border lending if the shock …
Persistent link: https://www.econbiz.de/10012103728
Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for …
Persistent link: https://www.econbiz.de/10011978454
Persistent link: https://www.econbiz.de/10010441906
The IMF attempts to catalyze and stabilize private capital flows to emerging markets by providing public monitoring and emergency finance. In analyzing its role we contrast cases where banks and bondholders do the lending. Banks have a natural advantage in monitoring and creditor coordination,...
Persistent link: https://www.econbiz.de/10014400853