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insurance assessment, while foreign deposits are not. This paper examines the arguments for and against extending this … assessment to foreign branch deposits of insured banks, which in the aggregate amount to more than $200 billion. These arguments … incidence effects on loan and deposit customers in a three sector--money center banks, foreign banks, and regional and smaller …
Persistent link: https://www.econbiz.de/10005368279
The paper develops a simple simulation model of international bank lending to test the extent to which targeting of fixed shares in the stock of total bank claims on a borrower can make lending flows unstable. The model is based on three distinct types of lending strategies: potentially volatile...
Persistent link: https://www.econbiz.de/10005712769
Counter to extant stylized facts, using newly available data on country allocations in U.S. investors' foreign equity ….S. investors' foreign equity portfolios outperformed a value-weighted foreign benchmark by 160 basis points per year. …
Persistent link: https://www.econbiz.de/10008872025
and equities within their U.S. portfolios. The poor timing of foreign investors--caused primarily by deliberate trading … entirely by the poor timing of rich, developed (mainly European) countries. Finally, while poor foreign timing appears to be …
Persistent link: https://www.econbiz.de/10008615669
Emerging market (EM) assets have historically been regarded as inherently risky and particularly vulnerable to international shocks that result in a general increase in investor risk perceptions. In this paper, we assess the ongoing relevance of this view by examining the linkages between EM and...
Persistent link: https://www.econbiz.de/10008679699
examine the implications for U.S. yields of the portfolio preferences of foreign creditors. We present evidence that, in the … spirit of Caballero and Krishnamurthy (2009), foreign investors during this period tended to prefer U.S. assets perceived to … be safe. In particular, foreign investors--especially the GSG countries--acquired a substantial share of the new issues …
Persistent link: https://www.econbiz.de/10008852837
, at both the firm and country level, negatively impacts the willingness of foreign investors to hold a firm's equity …
Persistent link: https://www.econbiz.de/10005368318
, that at a point in time U.S. portfolios are tilted towards firms that are large, have fewer restrictions on foreign …-documented underweighting of foreign stocks, emerging market equities that are cross-listed on a U.S. exchange are incorporated into U …
Persistent link: https://www.econbiz.de/10005368338
of foreign stocks. We document that U.S. cross-listings are economically important, as U.S. ownership in a foreign firm …
Persistent link: https://www.econbiz.de/10005368393
Since 2001, foreign investors have acquired roughly $5 trillion in U.S. securities--more than doubling their holdings …. Although the rapid growth of foreign holdings of U.S. securities raises concerns that foreign investors may have become too … heavily weighted in U.S. assets, foreign investors have not in fact materially changed the relative allocations between U …
Persistent link: https://www.econbiz.de/10005368400