We examine how U.S. monetary policy affects the international activities of U.S. Banks. We access a rarely studied US … 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 …

We develop a two-country DSGE model with global banks to analyze the role of crossborder banking flows on the … targets non-core liabilities makes the domestic economy resilient to the volatility of cross-border banking flows and makes …

BIS international banking statistics, we find significant effects for all three policies. US monetary easing fuels cross …This paper explores the basic question of whose monetary policy matters for banks' international lending. In the … international context, monetary policies from several countries could come into play: the lender's, the borrower's, and that of a …

We investigate global factors associated with bank capital flows. We formulate a model of the international banking … system where global banks interact with local banks. The solution highlights the bank leverage cycle as the determinant of … the transmission of financial conditions across borders through banking sector capital flows. A distinctive prediction of …