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The Role of Regulatory Arbitrage in U.S. Banks' International Lending Flows: Bank-Level Evidence

Temesvary, Judit - 2015

This paper examines how cross-border differences in the stringency of bank regulations affect U.S. banks' international activities. The analysis relies on a unique bank-level dataset on the globally most active U.S. banks' balance sheet as well as their cross-border, foreign affiliate lending...

Persistent link: https://www.econbiz.de/10011345556

Exchange Rate Pass-Through, Currency of Invoicing and Market Share

Devereux, Michael B.; Dong, Wei; Tomlin, Ben - 2015

This paper investigates the impact of market structure on the joint determination of exchange rate pass-through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market - that is, exporting firms and...

Persistent link: https://www.econbiz.de/10011396702

Leistungsbilanzungleichgewichte im Euroraum: China als Hauptproblem für Krisenländer

Nauschnigg, Franz - In: Wirtschaftsdienst 93 (2013) 12, pp. 855-858

The internal imbalances in the euro area are often cited as one of the main reasons for the crisis there. The surpluses …, especially those of Germany, correspond to the deficits in the euro area problem countries - Greece, Italy, Ireland, Spain and … China, not Germany, are the main concern for euro area problem countries. The reasons for this development were the strong …

Persistent link: https://www.econbiz.de/10011418836

Capital Regulation and Tail Risk

Perotti, Enrico; Ratnovski, Lev; Vlahu, Razvan - 2011

The paper studies risk mitigation associated with capital regulation, in a context when banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited liability. When capital raising is costly, poorly...

Persistent link: https://www.econbiz.de/10010326052

Capitals controls and macroprudential measures: What are they good for?

Forbes, Kristin; Fratzschner, Marcel; Straub, Roland - 2013

Are capital controls and macroprudential measures successful in achieving their objectives? Assessing their effectiveness is complicated by selection bias and endogeneity; countries which change their capital-flow management measures (CFMs) often share specific characteristics and are responding...

Persistent link: https://www.econbiz.de/10010327856

Exchange rate pass-through and inflation dynamics in Tunisia: A Markov-switching approach

Khemiri, Rim; Ali, Mohamed Sami Ben - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-43, pp. 1-30

This paper studies the effect of exchange rate pass-through on inflation in Tunisia for the period 2001 to 2009. The objective is to track inflation regimes for the Tunisian economy and to forecast its determinants. Using a Markov-switching approach, the authors identified two main regimes for...

Persistent link: https://www.econbiz.de/10010330077

An Awkward Dance: China and the United States

Prasad, Eswar; Gu, Grace - 2009

China and the U.S. have a close but complicated economic relationship. This note provides a fuller picture of the tightening embrace between the two countries - in terms of flows of goods and services, financial capital and people - and discusses the potential flashpoints in this relationship....

Persistent link: https://www.econbiz.de/10010331376

International capital markets structure, preferences and puzzles: The US-China case

Caporale, Guglielmo Maria; Donadelli, Michael; Varani, … - 2014

A canonical two country-two good model with standard preferences does not address three classic international macroeconomic puzzles as well as two well-known asset pricing puzzles. Specifically, under financial autarky, it does not account for the high real exchange rate (RER) volatility...

Persistent link: https://www.econbiz.de/10010332847

US imbalances: the role of technology and policy

Bems, Rudolfs; Dedola, Luca; Smets, Frank - 2007

This paper investigates the role of three likely factors in driving the steady deterioration of the US external balance: US technology developments, changes in the US government fiscal position and the Fed’s monetary policy. Estimating several Vector Autoregressions on US data over the period...

Persistent link: https://www.econbiz.de/10011604765

Real convergence in Central and Eastern European EU Member States: which role for exchange rate volatility?

Arratibel, Olga; Furceri, Davide; Martin, Reiner - 2008

This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per capita output growth, the credit cycle, the stock of inward foreign direct investment (FDI) and the current account balance, in the Central and Eastern European EU Member...

Persistent link: https://www.econbiz.de/10011604975