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 …

Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The …

rate as instrument, while the macroprudential regulator adopts a tax/subsidy on bank capital in a countercyclical manner in … order to stabilize nominal credit growth and the output gap. We look at the gains from coordination between the central bank … policy maker can reach better outcomes, while the central bank does worse, in the absence of coordination. Therefore, whether …