Buch, Claudia M.; Koch, Cathérine; Koetter, Michael - 2016
. Their analysis has three main findings. First, during periods of active TAF borrowing, foreign affiliates of parent banks … with high US dollar funding needs reduced their foreign assets by less. They identify those parents based on their pre …-crisis exposure to the US asset-backed commercial paper (ABCP) market. Second, foreign affiliates in financial centers also shrank …
