BUCH, CLAUDIA M.; CARSTENSEN, KAI; SCHERTLER, ANDREA - In: Journal of Money, Credit and Banking 42 (2010) 1, pp. 171-188
to macroeconomic shocks at home and abroad. We find that banks reduce their foreign assets in response to a relative … across borders. We employ dynamic panel methods for a sample of OECD countries to analyze whether banks' foreign assets react … increase in domestic interest rates, and they increase their foreign assets when the growth rate of world energy prices rises …