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The great risk shift? : income volatility in an international perspective
Buch, Claudia M. (contributor) - 2008
Weakening bargaining power of unions and the increasing integration of the world economy may affect the volatility of … capital and labor incomes. This paper documents and explains changes in income volatility. Using a theoretical framework which … builds distribution risk into a real business cycle model, hypotheses on the determinants of the relative volatility of …
Persistent link: https://www.econbiz.de/10003790966
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The Great Risk Shift? Income Volatility in an International Perspective
Buch, Claudia M. - 2021
Weakening bargaining power of unions and the increasing integration of the world economy may affect the volatility of … capital and labor incomes. This paper documents and explains changes in income volatility. Using a theoretical framework which … builds distribution risk into a real business cycle model, hypotheses on the determinants of the relative volatility of …
Persistent link: https://www.econbiz.de/10013316443
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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/10014581735
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Are Banks Different? Evidence from International Data
Buch, Claudia M. - 2000
Pecking order models of international finance suggest that countries should become less reliant on international bank lending as they develop. Reduced information costs are one of the factors behind this trend towards disintermediation. This paper presents a simple model on the choice between...
Persistent link: https://www.econbiz.de/10010260449
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Macroeconomic Shocks and Foreign Bank Assets
Buch, Claudia M.; Carstensen, Kai; Schertler, Andrea - 2005
Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether foreign bank assets change as a result of domestic and foreign macroeconomic shocks. We frame our empirical analysis in a standard new open economy macro model in...
Persistent link: https://www.econbiz.de/10010260537
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Heterogeneity in lending and sectoral growth: evidence from German bank-level data
Schertler, Andrea; Buch, Claudia M.; von Westernhagen, … - 2006
This paper studies the sectoral and geographical dimensions of the response of bank lending to sectoral growth. We use several bank-level datasets provided by the Deutsche Bundesbank for the 1996-2002 period. Our results show that bank heterogeneity affects how lending responds to domestic...
Persistent link: https://www.econbiz.de/10010295913
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Margins of international banking: is there a productivity pecking order in banking, too?
Buch, Claudia M.; Koch, Cathérine Tahmee; Koetter, Michael - 2009
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks'...
Persistent link: https://www.econbiz.de/10010299479
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Do banks benefit from internationalization? Revisiting the market power-risk nexus
Buch, Claudia M.; Koch, Cathérine Tahmee; Koetter, Michael - 2010
Recent developments on international financial markets have called the benefits of bank globalization into question. Large, internationally active banks have acquired substantial market power, and international activities have not necessarily made banks less risky. Yet, surprisingly little is...
Persistent link: https://www.econbiz.de/10010302605
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Diversification of Banks' International Portfolios: Evidence and Policy Lessons
Buch, Claudia M.; Neugebauer, Katja - 2009
Over the past decades, banks have significantly increased their cross-border asset positions. The ongoing crisis on international financial markets has raised the question whether this increase in cross-border activities has allowed banks to diversify risks and to what extent it has increased...
Persistent link: https://www.econbiz.de/10011335541
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The international transmission of monetary policy
Buch, Claudia M.; Bussière, Matthieu; Goldberg, Linda S.; … - 2018
that the frictions that banks face matter; in particular, foreign currency funding and hedging considerations can be a key …
Persistent link: https://www.econbiz.de/10012144688