Showing 131 - 140 of 152
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 third country, the issuer of the currency in which...
Persistent link: https://www.econbiz.de/10012912467
We combine the BIS international banking statistics with the IBRN prudential instruments database in a global study analyzing the effect of prudential measures on international lending. Our bilateral setting, which features multiple home and destination countries, allows us to simultaneously...
Persistent link: https://www.econbiz.de/10012980704
How does the management and resolution of the current crisis compare with the response of the Nordic countries in the early 1990s, widely regarded as exemplary? We argue that, while intervention has been prompter, the measures taken so far remain less comprehensive and in-depth. In particular,...
Persistent link: https://www.econbiz.de/10014191431
Understanding the global financial crisis and the stresses on bank balance sheets requires a perspective on banks’ international investment positions and how these positions were funded across currencies and counterparties. This special feature uses the BIS international banking statistics to...
Persistent link: https://www.econbiz.de/10014200292
Among the policy responses to the global financial crisis, the international provision of US dollars via central bank swap lines stands out. This paper studies the build-up of stresses on banks' balance sheets that led to this coordinated policy response. Using the BIS international banking...
Persistent link: https://www.econbiz.de/10014202514
The recent period of financial turmoil has had a significant impact on banks’ global balance sheet positions. This piece uses the BIS international banking statistics to trace the longer-term developments in the interbank market which contributed to the funding difficulties experienced during...
Persistent link: https://www.econbiz.de/10014202572
International banking centres have attracted renewed interest recently, as established centres compete over more dimensions while new centres emerge. Comparative studies often focus on indicators of financial activity in a particular location, but the prominence of an international banking...
Persistent link: https://www.econbiz.de/10014221650
Natural disasters resulting in significant losses have become more frequent in recent decades, with 2011 being the costliest year in history. This feature explores how risk is transferred within and beyond the global insurance sector and assesses the financial linkages that arise in the process....
Persistent link: https://www.econbiz.de/10014161566
This paper reviews research carried out on exchange rates and monetary policy by central banks that participated at the Autumn Meeting of Central Bank Economists on "Exchange rates and monetary policy", which the BIS hosted on 28-29 October 2004. The first part of the paper focuses on the...
Persistent link: https://www.econbiz.de/10014061400
Central banks drew heavily on US dollar swap lines with the Federal Reserve in the first half of 2020, contributing to a surge in cross-border banking flows during this period.The large increase in cross-border claims on banks operating in the United States – in the form of cross-border...
Persistent link: https://www.econbiz.de/10014090130