this case, contagion may occur if a bank hit by a liquidity shock calls in some loans and borrowers then pay them back by … investigate a specific type of externality that originates from those borrowers that obtain liquidity from more than one bank. In …

This article looks in detail at one aspect of global liquidity: cross-border credit provided by banks. Cross …, cross-border bank lending contributed to the build-up in vulnerabilities before the recent crisis, and exacerbated the bust …

We develop a model of bank lending that allows for credit rationing in equilibrium. Recognizing that small firms incur … a higher percentage cost of monitoring than large firms, the model shows that the incidence of bank credit rationing … among loans actually made as a relative decline in spreads paid by small borrowers, especially the riskiest ones and those …

US dollar credit is growing quickly outside the United States, especially in Asia, and in some economies it has … outpaced overall credit growth. Cross-border sources of credit bear watching in view of their record of outgrowing overall … credit in credit booms. Foreign currency and cross-border sources of credit raise policy issues …