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Using novel data on individual euro area banks' balance sheets this paper shows that exposure to stressed European sovereigns manifested in a liquidity shock to their international funding through two channels: (i) a contraction in cross-border funding, and (ii) a contraction in US wholesale...
Persistent link: https://www.econbiz.de/10011374059
This paper exploits a novel bank-level monthly dataset to assess the effects of global liquidity on the global flows of … bank claims on extra-euro area residents, against a background of contracting euro area credit supply. Controlling for bank … supports a range of determinants of global liquidity - including global risk, global bank equity and unconventional monetary …
Persistent link: https://www.econbiz.de/10011446311
Cross-border bank lending to emerging markets dropped sharply in the second half of 2011 as the euro area crisis … that the latest contraction in cross-border bank lending was largely linked to the deteriorating health of euro area banks …
Persistent link: https://www.econbiz.de/10013088016
The global financial crisis triggered a vast number of new laws and regulations at international level, including initiatives that can be classified as "soft law". The legitimacy and efficacy of these new norms are subject to intensive academic and political debates. At the same time, soft law...
Persistent link: https://www.econbiz.de/10012903436
In this paper, we analyze the importance of international banking models, along the operational and the funding dimensions, for the decline in international positions of European banks since the crisis. Using BIS Consolidated Banking Statistics, we find that the multinational model (higher...
Persistent link: https://www.econbiz.de/10012312194
the role of the bank rescues in igniting the sovereign debt crisis and reviews approaches to detect early warning signals …
Persistent link: https://www.econbiz.de/10011588156
CCPs; and the implications for bank, insurer and asset manager business models, in particular whether Brexit would act as a …
Persistent link: https://www.econbiz.de/10011712197
1999. In comparison to legacy currencies, the use of the euro in cross-border banking transactions grew on aggregate, and …
Persistent link: https://www.econbiz.de/10014202576
The German banking market is notorious for its low degree of market penetration by foreign financial institutions, suggesting that markets serviced by domestic and foreign banks are segmented. This paper employs a number of tests to determine whether activities of domestic and foreign banks are...
Persistent link: https://www.econbiz.de/10011472232
This study examines the multi-scale impact of financial, newspaper, and Twitter-based uncertainty on bank stock returns …
Persistent link: https://www.econbiz.de/10013405937