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The banking systems of some countries export intermediation services to the rest of the world, while many other … money relative to bank assets than nonbanking-center countries. This paper develops a stylized model of regulated bank …
Persistent link: https://www.econbiz.de/10012774844
-of-second-to-last-resort". Using daily supervisory bank balance sheet information, we find that U.S. GSIBs modestly increase their dollar liquidity … broker-dealer subsidiaries within the same bank holding company are crucial to this type of "reserve-draining" intermediation …
Persistent link: https://www.econbiz.de/10013305927
effects from cross-border bank takeovers with those of cross-border lending by banks located overseas, which in most cases …
Persistent link: https://www.econbiz.de/10013142941
allocation, where distance is bank-affiliate specific and depends on the ex ante relative importance of such locations as local …
Persistent link: https://www.econbiz.de/10013121030
The recent financial crisis has shown how interconnected the financial world has become. Shocks in one location or … asset class can have a sizable impact on the stability of institutions and markets around the world. But systemic risk … closing data gaps include the G20 Data Gaps Initiative, which recommends the collection of consistent bank-level data for …
Persistent link: https://www.econbiz.de/10013098136
A large share of dollar-denominated lending is done by non-U.S. banks, particularly European banks. We present a model in which such banks cut dollar lending more than euro lending in response to a shock to their credit quality. Because these banks rely on wholesale dollar funding, while raising...
Persistent link: https://www.econbiz.de/10013098138
activities for a sample of banks in 38 countries over the 1998-2008 period. International double taxation of foreign-source bank …, and that the incidence of international double taxation of banks is on bank customers in the foreign subsidiary country …
Persistent link: https://www.econbiz.de/10013098239
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
We investigate global factors associated with cross-border capital flows. We formulate a model of gross capital flows through the international banking system and derive a closed form solution that highlights the leverage cycle of global banks as being a prime determinant of the transmission of...
Persistent link: https://www.econbiz.de/10013082151
This paper analyzes the determinants of spreads on syndicated bank lending to emerging markets, treating the loan … interpretation of bank finance as dominating that segment of international financial markets characterized by the most pronounced …
Persistent link: https://www.econbiz.de/10012788956