This paper estimates a two-country model with a global bank, using US and Euro Area (EA) data, and Bayesian methods …. The estimated model matches key US and EA business cycle statistics. Empirically, a model version with a bank capital …

This paper introduces a new transmission channel of banking crises where sizable cross-border bank claims on foreign …

This paper introduces a new transmission channel of banking crises where sizable cross- border bank claims on foreign … that see bank- ing crises originating from either domestic credit booms or from cross-border borrowing. I propose a …

banks with foreign affiliates for the years 2002-2011, we study bank internationalization before and during the crisis. Our …

banks with foreign affiliates for the years 2002-2011, we study bank internationalization before and during the crisis. Our …