question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

Global liquidity refers to the volumes of financial flows - largely intermediated through global banks and non … liquidity provision. Strong prudential policies in the home countries of global banks and official facilities reduce funding …

This paper presents a new theory that explains why it is beneficial for banks to be highly interconnected and to engage … considered in isolation. The reason is that banks have an incentive to exploit their implicit government guarantees by … artificially channeling funds through the interbank market, which leads to high interconnectedness. Moreover, given that banks are …

global exposures. Using supervisory data on U.S. banks' foreign claims, we find that banks with exposure to countries with …

Global banks use their global balance sheets to respond to local monetary policy. However, sources and uses of funds … are often denominated in different currencies. This leads to a foreign exchange (FX) exposure that banks need to hedge. If … that, in response to domestic monetary policy easing, global banks increase their foreign reserves in currency areas with …