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Being a Foreigner Among Domestic Banks; Asset or Liability?
Horen, Neeltje van; Claessens, Stijn - International Monetary Fund (IMF) - 2009
better when from a high income country, when host country competition is limited, and when they are large and rely more on …
Persistent link: https://www.econbiz.de/10008497616
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Whatever it takes: What's the impact of a major nonconventional monetary policy intervention?
Alcaraz, Carlo; Claessens, Stijn; Cuadra, Gabriel; … - 2019
We assess how a major, unconventional central bank intervention, Draghi's "whatever it takes" speech, affected lending conditions. Similar to other large interventions, it responded to adverse financial and macroeconomic developments that also influenced the supply and demand for credit. We...
Persistent link: https://www.econbiz.de/10012142093
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Whatever it Takes. What's the Impact of a Major Nonconventional Monetary Policy Intervention?
Alcaraz, Carlos - 2018
We assess how a major, unconventional central bank intervention, Draghi's "whatever it takes" speech, affected lending conditions. Similar to other large interventions, it responded to adverse financial and macroeconomic developments that also influenced the supply and demand for credit. We...
Persistent link: https://www.econbiz.de/10012910254
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Whatever It Takes : What’s the Impact of a Major Nonconventional Monetary Policy Intervention?
Alcaraz, Carlos - 2019
We assess how a major, unconventional central bank intervention, Draghi's “whatever it takes” speech, affected lending conditions. Similar to other large interventions, it responded to adverse financial and macroeconomic developments that also influenced the supply and demand for credit. We...
Persistent link: https://www.econbiz.de/10012890344
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Global Liquidity and Drivers of Cross-Border Bank Flows
Cerutti, Eugenio - 2014
This paper provides a definition of global liquidity consistent with its meaning as the “ease of financing” in international financial markets. Using a longer time series and broader sample of countries than in previous studies, it identifies global factors driving cross-border bank flows,...
Persistent link: https://www.econbiz.de/10013053045
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Global Liquidity and Drivers of Cross-Border Bank Flows
Cerutti, Eugenio - 2014
This paper studies the determinants of global liquidity using data on cross-border bank flows, with a longer time series and broader country sample than previous studies. We define global liquidity as non-price determinants of cross-border credit supply, consistent with its meaning as the...
Persistent link: https://www.econbiz.de/10013054284
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Whatever it takes : what's the impact of a major nonconventional monetary policy intervention?
Alcaraz, Carlo; Claessens, Stijn; Cuadra, Gabriel; … - 2019
We assess how a major, unconventional central bank intervention, Draghi's "whatever it takes" speech, affected lending conditions. Similar to other large interventions, it responded to adverse financial and macroeconomic developments that also influenced the supply and demand for credit. We...
Persistent link: https://www.econbiz.de/10011987129
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Global Liquidity and Drivers of Cross-Border Bank Flows
Cerutti, Eugenio; Claessens, Stijn; Ratnovski, Lev - C.E.P.R. Discussion Papers - 2014
This paper studies the determinants of global liquidity using data on cross-border bank flows, with a longer time series and broader country sample than previous studies. We define global liquidity as non-price determinants of cross-border credit supply, consistent with its meaning as the...
Persistent link: https://www.econbiz.de/10011145399
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Competition in the Financial Sector; Overview of Competition Policies
Claessens, Stijn - International Monetary Fund (IMF) - 2009
As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests …, however, that unfettered competition is not first best given the special features of finance. I review these analytics and … describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of …
Persistent link: https://www.econbiz.de/10005826668
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Financial Dependence, Banking Sector Competition, and Economic Growth
Claessens, Stijn; Laeven, Luc - 2005
The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …
Persistent link: https://www.econbiz.de/10014067598