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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
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The global financial resource curse
Benigno, Gianluca; Fornaro, Luca; Wolf, Martin - 2020
cut back investment in innovation. Since innovation in the United States determines the evolution of the world …. The model thus offers a new perspective on the consequences of financial globalization, and on the appropriate policy …
Persistent link: https://www.econbiz.de/10012167488
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Macroeconomic interdependence and the international role of the dollar
Goldberg, Linda S. (contributor); Tille, Cédric (contributor) - 2008
The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...
Persistent link: https://www.econbiz.de/10003781455
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Prestigious stock exchanges : a network analysis of international financial centers
Cetorelli, Nicola; Peristiani, Stavros C. - 2009
around the world. Using data from virtually the entire universe of global equity activity, we present two sets of complete …
Persistent link: https://www.econbiz.de/10003947533
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The global dash for cash : why sovereign bond market functioning varied across jurisdictions in March 2020
Barone, Jordan; Chaboud, Alain; Copeland, Adam; … - 2022
As the economic disruptions associated with the COVID-19 pandemic increased in March 2020, there was a global dash-for-cash by investors. This selling pressure occurred across advanced sovereign bond markets and caused a deterioration in market functioning, leading to central bank interventions....
Persistent link: https://www.econbiz.de/10013162110
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Measuring global financial market stresses
Groen, Jan J. J.; Nattinger, Michael B.; Noble, Adam I. - 2020
We propose measures of financial market stress for forty-six countries and regions across the world. Our measures … wake of the COVID-19 pandemic. However, hardly anywhere in the world did these March peaks in financial stresses reach those … for the near-term economic outlook across most parts of the world, with the exception of China. A structural Bayesian VAR …
Persistent link: https://www.econbiz.de/10012268021
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International capital flow pressures and global factors
Goldberg, Linda S.; Krogstrup, Signe - 2023
The risk sensitivity of international capital flow pressures is explored using a new Exchange Market Pressure index that combines pressures observed in exchange rate adjustments with model-based estimates of incipient pressures that are masked by foreign exchange interventions and policy rate...
Persistent link: https://www.econbiz.de/10013548958
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Global liquidity : drivers, volatility and toolkits
Goldberg, Linda S. - 2023
Global liquidity refers to the volumes of financial flows—largely intermediated through global banks and non-bank financial institutions—that can move at relatively high frequencies across borders. The amplitude of responses to global conditions like risk sentiment, discussed in the context...
Persistent link: https://www.econbiz.de/10014302919
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The global credit cycle
Boyarchenko, Nina; Elias, Leonardo - 2024
corporate bond market returns around the world, we construct a novel global credit factor and a global risk factor that jointly …
Persistent link: https://www.econbiz.de/10014519053
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International banking and nonbank financial intermediation : global liquidity, regulation, and implications
Buch, Claudia M.; Goldberg, Linda S. - 2024
Global liquidity flows are largely channeled through banks and nonbank financial institutions. The common drivers of global liquidity flows include monetary policy in advanced economies and risk conditions. At the same time, the sensitivities of liquidity flows to changes in these drivers differ...
Persistent link: https://www.econbiz.de/10014501217