-border lending by foreign banks; 2) a contraction in local lending by foreign banks' affiliates in emerging markets; and 3) a …

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 …

experiences a sudden stop of capital inflows. The model features credit frictions, debt denominated in foreign currency, imported … leveraged firms. The sudden stop is modeled as a change in the perceptions of foreign lenders that brings about an increase in … the cost of borrowing. I show that the higher the elasticity of foreign demand, the lower the contraction in output …

banks in the United States raised deposits and took advances from Federal Home Loan Banks (FHLBs). In contrast, foreign … to their non-U.S. dollar lending, foreign banks with ABCP exposure charged higher interest rates to corporations for … shortages for banks engaged in maturity transformation in foreign countries. …

locally in the foreign market, arises from differences in country-level bank efficiency. Together, these two driving forces … determine the foreign assets and liabilities of a banking sector. The model provides a rationale for the observed rise in global … banking relative to international banking. Its key predictions regarding the cross-country pattern of foreign bank asset and …

affiliates in diverse foreign markets. We use the Great Recession as an opportunity to identify the balance-sheet shocks to … parent banks in the United States and then explore which features of foreign affiliates are associated with protecting, for … example, their status as important locations in sourcing funding or as destinations for foreign investment activity. We show …

the credit market. We document that, following deregulation, (1) overall lending increased, (2) loss rates on loans …

Payday loans are widely condemned as a “predatory debt trap.” We test that claim by researching how households in … Georgia and North Carolina have fared since those states banned payday loans in May 2004 and December 2005. Compared with … substitutes such as the bounced-check “protection” sold by credit unions and banks or loans from pawnshops.> …

.S. securities markets, examines loans of Treasury and agency securities in the domestic market. It highlights some important … loans. While we note that this characteristic sets securities lending apart from most repurchase agreement (repo …