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Foreign currency loans to the unhedged non-banking sector are remarkably prevalent in Europe and create a significant … borrowers from servicing the loans. Foreign currency loans thus pose a systemic risk from a "common market shock" perspective …. The author uses a novel dataset of foreign-currency loans from 17 countries for 2007-11 (collected by the Swiss National …
Persistent link: https://www.econbiz.de/10010221680
Foreign currency loans given to the unhedged non-bank sector are remarkably prevalent in Europe. Especially Swiss franc … could trigger simultaneous bank failures, if unhedged borrowers cannot service their foreign currency loans anymore … from foreign currency loans in 17 European countries quarterly between 2007:Q1 and 2011:Q3. For that purpose, I use a novel …
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operations of branches of foreign banks in the United States. Our results show that: (1) The U.S. branches of European banks …
Persistent link: https://www.econbiz.de/10013089630
.S. branches of foreign banks and their syndicated loans. We show that: (1) The U.S. branches of euro-area banks suffered a …
Persistent link: https://www.econbiz.de/10013089846
A growing body of literature suggests that over widely varying historical eras and across a wide range of asset classes momentum investing, often accompanied by a trend following overlay, provides superior risk-adjusted returns. We examine the effectiveness of applying these methodologies to...
Persistent link: https://www.econbiz.de/10013071662
since the Global Financial Crisis, and then assesses the impact of foreign currency loan conversion programs on systemic …
Persistent link: https://www.econbiz.de/10012840025
A growing body of literature suggests that over widely varying historical eras and across a wide range of asset classes momentum investing, often accompanied by a trend following overlay, provides superior risk-adjusted returns. We examine the effectiveness of applying these methodologies to...
Persistent link: https://www.econbiz.de/10013060401
.S. branches of foreign banks and their syndicated loans. We show that: (1) The U.S. branches of euro-area banks suffered a …
Persistent link: https://www.econbiz.de/10012948272