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also been affected, but to a much lesser extent. Greater sovereign risk is already having adverse effects on banks and … conclusions and discusses some implications for banks and the official sector. Two caveats are necessary before discussing the … main findings. First, the analysis focuses on causality going from sovereigns to banks, as is already the case in some …
Persistent link: https://www.econbiz.de/10009226823
In line with a growing literature on financial intermediary asset pricing, we find that changes in the leverage of primary dealers have predictive power in forecasting exchange rates. Unlike previous studies, we find that primary dealer heterogeneity matters for their role in asset pricing. The...
Persistent link: https://www.econbiz.de/10012126161
Persistent link: https://www.econbiz.de/10013268036
While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the … effects on and consequences for lending vary widely across banks. We demonstrate fundamental differences across banks without … foreign affiliates versus those with foreign affiliates. Among the nonglobal banks (those without a foreign affiliate), cross …
Persistent link: https://www.econbiz.de/10010951401
While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the … effects on and consequences for lending vary widely across banks. We demonstrate fundamental differences across banks without … foreign affiliates versus those with foreign affiliates. Among the nonglobal banks (those without a foreign affiliate), cross …
Persistent link: https://www.econbiz.de/10010784189
While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the … effects on and consequences for lending vary widely across banks. We demonstrate fundamental differences across banks without … foreign affiliates versus those with foreign affiliates. Among the nonglobal banks (those without a foreign affiliate), cross …
Persistent link: https://www.econbiz.de/10011340983
where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013 … subsidiaries of foreign banks. Second, a foreign tightening of capital requirements shifts lending by U.S. global banks away from … regulation reduces lending by large U.S. global banks to foreign residents. …
Persistent link: https://www.econbiz.de/10011796436
Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct legal entities and across a range of geographies. While such complexity raises the costs of bank resolution when organizations fail, the effect of complexity on BHCs' broader...
Persistent link: https://www.econbiz.de/10012619507
international trade uncertainty on domestic credit supply. We exploit cross-sectional heterogeneity in banks' ex-ante exposure to … exposed banks assess their borrowers as riskier and reduce the maturity of their loans, and a financial frictions channel by … which exposed banks facing relatively higher balance sheet constraints contract lending more. The decline in credit supply …
Persistent link: https://www.econbiz.de/10014480556
where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013 … subsidiaries of foreign banks. Second, a foreign tightening of capital requirements shifts lending by U.S. global banks away from … regulation reduces lending by large U.S. global banks to foreign residents. …
Persistent link: https://www.econbiz.de/10011547676