strategies. These flows are a form of global interdependence previously unexplored in the literature on international shock …

-country shocks, but they can also have profound effects across international markets. Indeed, global banks played a significant role …

international and global banking. International banking, where banks raise capital in the home market and lend it abroad, is driven … banking relative to international banking. Its key predictions regarding the cross-country pattern of foreign bank asset and …

International financial linkages, particularly through global bank flows, generate important questions about the … address the monetary autonomy issue in the context of the international policy trilemma: Countries seek three typically … desirable but jointly unattainable objectives—stable exchange rates, free international capital mobility, and monetary policy …

Banks play a critical role in facilitating international trade, in particular by reducing the risk of trade … show that a modification of the standard model of payment contract choice in international trade is needed to rationalize …

accordingly. As a share of total international exposures, the transfer risk assumed by money-center banks tends to be …