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Liquidity management of US global banks : internal capital markets in the great recession

Cetorelli, Nicola; Goldberg, Linda S. - 2011

The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage is the liquidity management of these banks, specifically the regular flow of funds between parent banks and their affiliates in diverse foreign markets. We use the Great...

Persistent link: https://www.econbiz.de/10009266718

Banking globalization, transmission, and monetary policy autonomy

Goldberg, Linda S. - 2013

consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I … 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 …

Persistent link: https://www.econbiz.de/10010201279

Banking globalization, monetary transmission, and the lending channel

Cetorelli, Nicola (contributor); … - 2008

The globalization of banking in the United States is influencing the monetary transmission mechanism both domestically …

Persistent link: https://www.econbiz.de/10003781564

Macroeconomic interdependence and the international role of the dollar

Goldberg, Linda S. (contributor); Tille, Cédric (contributor) - 2008

dimension magnifies the exposure of periphery countries to the center’s monetary policy, even when direct trade flows between … the center and the periphery are limited. When intra-periphery trade volumes are sensitive to the center’s monetary policy …, the model predicts substantial welfare gains from coordinated monetary policy. Our model also shows that although exchange …

Persistent link: https://www.econbiz.de/10003781455

Globalized banks : lending to emerging markets in the crisis

Cetorelli, Nicola; Goldberg, Linda S. - 2009

As banking has become more globalized, so too have the consequences of shocks originating in home and host markets. Global banks can provide liquidity and risk-sharing opportunities to the host market in the event of adverse host-country shocks, but they can also have profound effects across...

Persistent link: https://www.econbiz.de/10003864584

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...

Persistent link: https://www.econbiz.de/10003947912

Central bank dollar swap lines and overseas dollar funding costs

Goldberg, Linda S.; Kennedy, Craig; Miu, Jason - 2010

Following a scarcity of dollar funding available internationally to banks and financial institutions, in December 2007 the Federal Reserve began to establish or expand Temporary Reciprocal Currency Arrangements with fourteen foreign central banks. These central banks had the capacity to use...

Persistent link: https://www.econbiz.de/10003948799

Global banks and international shock transmission : evidence from the crisis

Cetorelli, Nicola; Goldberg, Linda S. - 2010

interbank, cross-border lending. Policy interventions, such as the Vienna Initiative introduced in Europe, influenced the …

Persistent link: https://www.econbiz.de/10008657295

International banking and cross-border effects of regulation : lessons from the United States

Berróspide, José M.; Correa, Ricardo; Goldberg, Linda S. - 2016

Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013, this study shows that some regulatory changes indeed...

Persistent link: https://www.econbiz.de/10011547676

International banking and liquidity risk transmission : lessons from across countries

Buch, Claudia M.; Goldberg, Linda S. - 2014

Network, established in 2012, brings together researchers from around the world with access to micro-level data on individual …

Persistent link: https://www.econbiz.de/10010404142