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The Global Financial Cycle, Bank Capital Flows and Monetary Policy. Evidence from Norway
Alstadheim, Ragna - 2018
We investigate the importance of a global financial cycle for gross capital inflows based on monthly balance sheet data for Norwegian banks. The VIX index has been interpreted as an "investor fear gauge" and associated with a global financial cycle. This index has also been found to impact real...
Persistent link: https://www.econbiz.de/10012926821
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ECB unconventional monetary policy and volatile bank flows : spillover effects on emerging market economies
Ouerk, Salima - In: International economics : a journal published by CEPII … 173 (2023), pp. 175-211
Persistent link: https://www.econbiz.de/10014373750
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Banks, Capital Flows and Financial Crises
Akinci, Ozge - 2015
This paper proposes a macroeconomic model with financial intermediaries (banks), in which banks face occasionally binding leverage constraints and may endogenously affect the strength of their balance sheets by issuing new equity. The model can account for occasional financial crises as a result...
Persistent link: https://www.econbiz.de/10013031687
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Banks, Capital Flows and Financial Crises
Akinci, Ozge; Queraltó, Albert - 2021
This paper proposes a macroeconomic model with financial intermediaries (banks), in which banks face occasionally binding leverage constraints and may endogenously affect the strength of their balance sheets by issuing new equity. The model can account for occasional financial crises as a result...
Persistent link: https://www.econbiz.de/10014351823
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Cross-border bank flows and monetary policy
Correa, Ricardo; Paligorova, Teodora; Sapriza, Horacio; … - 2018
We analyze the impact of monetary policy on bilateral cross-border bank flows using the BIS Locational Banking Statistics between 1995 and 2014. We find that monetary policy in the source countries is an important determinant of cross-border bank flows. In addition, we find evidence in favor of...
Persistent link: https://www.econbiz.de/10011967372
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Transmission of US financial shocks to emerging market economies : evidence from claims by US banks
Jo, Gab-je - In: Emerging markets finance & trade : a journal of the … 50 (2014), pp. 237-253
Persistent link: https://www.econbiz.de/10010403195
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Non-performing loans and the lending channel of shock transmission across countries
Hoang Tuan Dao; Kang, Taesu - In: Cogent business & management 9 (2022) 1, pp. 1-23
Recent international macroeconomics literature on global imbalances explains the U.S. persistent current account deficit and emerging countries' surplus. Little research has been done at the banking-sector level, where U.S. banks are lenders to banks in emerging countries. We build a two-country...
Persistent link: https://www.econbiz.de/10014425801
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Bank Balance Sheets and External Shocks in Asia : The Role of Fxi, Mpms and Cfms
Chen, Zefeng; Nadeem, Sanaa; Peiris, Shanaka - 2021
by banks and investment. For example, a capital outflow shock leads to a deprecation that reduces the net worth and … intermediation capacity of banks exposed to foreign currency liabilities. In such cases, the exchange rate acts as shock amplifier … exchange rate serves as a shock absorber, and any FXI that weakens that function can be costly. We also explore the …
Persistent link: https://www.econbiz.de/10013243072
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Business cycles and monetary regimes in emerging economies : a role for a monopolistic banking sector
Mandelman, Federico S. - 2009
This study shows that the presence of imperfect competition in the banking system propagates external shocks and amplifies the business cycle. Strategic limit pricing, aimed at protecting retail niches from potential competitors, generates countercyclical bank markups. Markup increments during...
Persistent link: https://www.econbiz.de/10003730512
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Macroprudential policy in a monetary union with cross-border banking
Darracq Pariès, Matthieu; Kok Sørensen, Christoffer; … - 2019
We analyse the interaction between monetary and macroprudential policies in the euro area by means of a two-country DSGE model with financial frictions and cross-border spillover effects. We calibrate the model for the four largest euro area countries (i.e. Germany, France, Italy, and Spain),...
Persistent link: https://www.econbiz.de/10011996735