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In this paper, we study transmission of global funding shocks to emerging economies (EMs) from the perspective of interbank markets. Money markets enable banks to engage in risk-sharing against liquidity shocks and are sensitive to global funding conditions. Accordingly, we first show that...
Persistent link: https://www.econbiz.de/10012171269
We introduce an innovative approach to measure bank integration, based on the corporate culture of multinational … financial reports of global banks. We employ a two-step approach: as a first step, we investigate whether parent-bank or parent …-country characteristics are more important for bank integration. In a second step, we analyze whether bank integration affects the …
Persistent link: https://www.econbiz.de/10011698908
that the ECB's quantitative easing of January 2015 had a larger positive impact on cross-border bank credit in lender …-borrower pairs with a higher share of euro-denominated bank claims. The effect was especially pronounced for lending to advanced …
Persistent link: https://www.econbiz.de/10012982627
This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank …
Persistent link: https://www.econbiz.de/10013279271
This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank …
Persistent link: https://www.econbiz.de/10013336407
how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …
Persistent link: https://www.econbiz.de/10012518247
states with empirical evidence on the impact of monetary policy on bank lending. This work is based on individual bank … banks. The results indicate the existence of asymmetric adjustment of loan quantities with respect to specific bank … characteristics. Our findings indicate the existence of a functioning bank lending channel through small banks. This applies in the …
Persistent link: https://www.econbiz.de/10013153377
This paper analyzes the drivers of cross-border bank lending to 49 Emerging Markets (EMs) during the period 1990Q1 … literature has traditionally highlighted the influence of US monetary policy on driving cross-border bank flows, and more … decrease in bank leverage, our results indicate a broad-based overall contraction of cross-border lending if the shock …
Persistent link: https://www.econbiz.de/10012859870
-banks. Third, the currency dimension of the bank lending channel works similarly across the three currencies, suggesting that the …
Persistent link: https://www.econbiz.de/10012916678
non-banks. Third, this currency dimension of the bank lending channel works similarly across the three currencies … suggesting that the cross-border bank lending channel of liquidity shock transmission may not be unique to lending in USD …
Persistent link: https://www.econbiz.de/10012966715