bank-level dataset to assess at a quarterly frequency how changes in the U.S. Federal funds rate (before the crisis) and … the existence of a potent global bank lending channel. In response to changes in U.S. monetary conditions, U.S. banks … strongly adjust their cross-border claims in both the pre and post-crisis period. However, we also find that U.S. bank …

Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995 …-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from OECD countries reduced their … foreign presence (but still represent 89% of foreign bank assets), those from emerging markets and developing countries …

This article looks in detail at one aspect of global liquidity: cross-border credit provided by banks. Cross …, cross-border bank lending contributed to the build-up in vulnerabilities before the recent crisis, and exacerbated the bust …

US dollar credit is growing quickly outside the United States, especially in Asia, and in some economies it has … outpaced overall credit growth. Cross-border sources of credit bear watching in view of their record of outgrowing overall … credit in credit booms. Foreign currency and cross-border sources of credit raise policy issues …

transmission. -- bank ; global ; liquidity ; transmission ; capital markets ; crisis ; contagion …