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In this paper, we study transmission of global funding shocks to emerging economies (EMs) from the perspective of interbank markets. Money markets enable banks to engage in risk-sharing against liquidity shocks and are sensitive to global funding conditions. Accordingly, we first show that...
Persistent link: https://www.econbiz.de/10012171269
monetary policy actions in their parents' home countries. Using a bank-level dataset over the 1997-2014 period, results show … ties to their foreign parent) reduce lending more than US-chartered subsidiaries of foreign banks, and (2) within each bank …
Persistent link: https://www.econbiz.de/10012971159
We introduce an innovative approach to measure bank integration, based on the corporate culture of multinational … financial reports of global banks. We employ a two-step approach: as a first step, we investigate whether parent-bank or parent …-country characteristics are more important for bank integration. In a second step, we analyze whether bank integration affects the …
Persistent link: https://www.econbiz.de/10011698908
How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the … shocks on bilateral cross-border bank lending. We find robust evidence that an increase in funding costs following an … exogenous monetary tightening leads to a statistically and economically significant decline in cross-border bank lending. The …
Persistent link: https://www.econbiz.de/10012859025
unconventional monetary policies on bank lending. We find that euro area banks increase lending to the rest of the world in response …We use a confidential euro area bank-level data set of close to 250 banks to assess outward and inward spillovers of … more on internal capital markets. This suggests that bank-specific supply effects, stemming from banks' increased ability …
Persistent link: https://www.econbiz.de/10011745788
-border lending. Using bank-level data from international financial centres - the United Kingdom, Hong Kong and Ireland - we examine …-centre affiliates. We find that NIRP impairs the bank-lending channel for cross-border lending to non-bank sectors, especially for those … euro-area data, including bank-level data from France, we find that NIRP does not influence overall cross-border lending …
Persistent link: https://www.econbiz.de/10013547998
-border lending. Using bank-level data from international financial centres (IFCs) – the United Kingdom, Hong Kong and Ireland – we …-centre affiliates. We find that NIRP impairs the bank-lending channel for cross‑border lending to non-bank sectors, especially for those … euro-area data, including bank-level data from France, we find that NIRP does not influence overall cross-border lending …
Persistent link: https://www.econbiz.de/10014355987
This working paper is written by Desislava Andreeva (European Central Bank), Andra Coman (European Central Bank), Mary … Everett (Central Bank of Ireland), Maren Froemel (Bank of England), Kelvin Ho (Hong Kong Monetary Authority), Simon Lloyd … (Bank of England), Baptiste Meunier (European Central Bank) (Banque de France), Justine Pedrono (Banque de France), Dennis …
Persistent link: https://www.econbiz.de/10014256750
-border lending. Using bank-level data from international financial centres – the United Kingdom, Hong Kong and Ireland – we examine …-centre affiliates. We find that NIRP impairs the bank-lending channel for cross-border lending to non-bank sectors, especially for those … euro-area data, including bank-level data from France, we find that NIRP does not influence overall cross-border lending …
Persistent link: https://www.econbiz.de/10014257755
unconventional monetary policies on bank lending. We find that euro area banks increase lending to the rest of the world in response …We use a confidential euro area bank-level data set of close to 250 banks to assess outward and inward spillovers of … more on internal capital markets. This suggests that bank-specific supply effects, stemming from banks' increased ability …
Persistent link: https://www.econbiz.de/10012943524