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When is US bank lending to emerging markets volatile?

Goldberg, Linda S. - 2001

Using bank-specific data on U.S. bank claims on individual foreign countries since the mid-1980s, this paper 1) characterizes the size and portfolio diversification patterns of the U.S. banks engaging in foreign lending, and 2) econometrically explores the determinants of fluctuations in U.S....

Persistent link: https://www.econbiz.de/10010283397

Exchange rate pass-through to import prices in the euro area

Campa, José Manuel; Goldberg, Linda S.; … - 2005

countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of … introduction of the euro caused a structural change in exchange rate pass-through. Although some estimated point elasticities have … manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to …

Persistent link: https://www.econbiz.de/10010283307

Trade invoicing in the accession countries: Are they suited to the euro?

Goldberg, Linda S. - 2005

Countries aspiring to join the euro area—the so-called accession countries—are increasingly binding their economic … activity, external and internal, to the euro-area countries. This phenomenon is observed in the currency invoicing of … degree of euro-denominated invoicing of exports. I find that the exporters in some accession countries might be pricing too …

Persistent link: https://www.econbiz.de/10010283347

Exchange rate pass-through into import prices: A macro or micro phenomenon?

Campa, José Manuel; Goldberg, Linda S. - 2002

Exchange rate regime optimality, as well as monetary policy effectiveness, depends on the tightness of the link between exchange rate movements and import prices. Recent debates hinge on whether producer-currency-pricing (PCP) or local currency pricing (LCP) of imports is more prevalent, and on...

Persistent link: https://www.econbiz.de/10010283348

Distribution margins, imported inputs, and the sensitivity of the CPI to exchange rates

Campa, José Manuel; Goldberg, Linda S. - 2006

Border prices of traded goods are highly sensitive to exchange rates; however, the consumer price index (CPI) and the retail prices of goods that make up the CPI are more stable. This paper decomposes the sources of this price stability for twenty-one OECD (Organisation for Economic Co-operation...

Persistent link: https://www.econbiz.de/10010283380

Does foreign ownership contribute to sounder banks in emerging markets? The Latin American experience

Crystal, Jennifer S.; Dages, B.Gerard; Goldberg, Linda S. - 2001

Foreign bank entrants into emerging markets are usually thought to improve the condition and performance of acquired institutions, and more generally to enhance local financial stability. We use bank-specific data for a range of Latin American countries since the mid-1990s to address elements of...

Persistent link: https://www.econbiz.de/10010283406

Pass-through of exchange rates to consumption prices: What has changed and why

Campa, José Manuel; Goldberg, Linda S. - 2006

In this paper, we use cross-country and time-series evidence to argue that retail price sensitivity to exchange rates may have increased over the past decade. This finding applies to traded goods as well as to non-traded goods. We highlight three reasons for the change in pass-through into the...

Persistent link: https://www.econbiz.de/10010283438

Vehicle currency use in international trade

Goldberg, Linda S.; Tille, Cédric - 2005

Although currency invoicing in international trade transactions is central to the transmission of monetary policy, the forces motivating the choice of currency have long been debated. We introduce a model wherein agents involved in international trade can invoice in the exporter's currency, the...

Persistent link: https://www.econbiz.de/10010283454

Micro, macro, and strategic forces in international trade invoicing

Goldberg, Linda S.; Tille, Cédric - 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 its industry, such as market share and the...

Persistent link: https://www.econbiz.de/10010287063

The international transmission of monetary policy

Buch, Claudia M.; Bussière, Matthieu; Goldberg, Linda S.; … - 2018

transmission of monetary policies of the United States, the euro area, Japan, and the United Kingdom. Two other studies use …

Persistent link: https://www.econbiz.de/10012144688