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Global liquidity and exchange rates
Adrian, Tobias (contributor); Etula, Erkko M. (contributor);  … - 2009
We present evidence that the funding liquidity aggregates of U.S. financial intermediaries forecast exchange rate … estimate prices of risk using a cross-sectional asset pricing approach and show that U.S. dollar funding liquidity forecasts … liquidity channel in an intertemporal equilibrium pricing model where the “risk appetite” of dollar-funded intermediaries …
Persistent link: https://www.econbiz.de/10003812554
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Global liquidity
Shin, Hyun Song - In: In the wake of the crisis : leading economists reassess …, (pp. 91-100). 2012
Persistent link: https://www.econbiz.de/10009618812
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Capital flows, cross-border banking and global liquidity
Bruno, Valentina; Shin, Hyun Song - 2013
Persistent link: https://www.econbiz.de/10010209835
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Cross-Border Banking and Global Liquidity
Bruno, Valentina - 2014
We investigate global factors associated with bank capital flows. We formulate a model of the international banking system where global banks interact with local banks. The solution highlights the bank leverage cycle as the determinant of the transmission of financial conditions across borders...
Persistent link: https://www.econbiz.de/10013047533
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Managing Elevated Risk : Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective
Azis, Iwan J. - 2015
global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the … Risk: Global Liquidity, Capital Flows, and Macroprudential Policy-An Asian Perspective" also explores the range of policy … options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions …
Persistent link: https://www.econbiz.de/10012403350
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Capital Flows, Cross-Border Banking and Global Liquidity
Bruno, Valentina - 2013
We investigate global factors associated with cross-border capital flows. We formulate a model of gross capital flows through the international banking system and derive a closed form solution that highlights the leverage cycle of global banks as being a prime determinant of the transmission of...
Persistent link: https://www.econbiz.de/10012459624
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Liquidity and Financial Cycles
Adrian, Tobias; Shin, Hyun Song - 2013
the innovations in the VIX index. Aggregate liquidity can be seen as the rate of change of the aggregate balance sheet of …
Persistent link: https://www.econbiz.de/10014216388
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Marking to Market, Liquidity and Financial Stability
Plantin, Guillaume; Sapra, Haresh; Shin, Hyun Song - 2010
This paper explores the financial stability implications of mark-to-market accounting, in particular its tendency to amplify financial cycles and the "reach for yield". Market prices play a dual role. Not only do they serve as a signal of the underlying fundamentals and the actions taken by...
Persistent link: https://www.econbiz.de/10014047345
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Capital Flows, Cross-Border Banking and Global Liquidity
Bruno, Valentina - 2012
We investigate the role of global factors in driving cross-border capital flows. We formulate a model of gross capital flows through the banking sector and derive a closed form solution that highlights the leverage cycle of global banks and its interaction with recipient country characteristics....
Persistent link: https://www.econbiz.de/10013109273
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Capital Flows, Cross-Border Banking and Global Liquidity
Bruno, Valentina - 2013
We investigate global factors associated with cross-border capital flows. We formulate a model of gross capital flows through the international banking system and derive a closed form solution that highlights the leverage cycle of global banks as being a prime determinant of the transmission of...
Persistent link: https://www.econbiz.de/10013082151