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Global liquidity flows are largely channeled through banks and nonbank financial institutions. The common drivers of … global liquidity flows include monetary policy in advanced economies and risk conditions. At the same time, the sensitivities … of liquidity flows to changes in these drivers differ across institutions and have been evolving over time …
Persistent link: https://www.econbiz.de/10014501217
Building on the facility design and application experience from the period of the global financial crisis, in March … temporary swap agreements, and then introduced the new Foreign and International Monetary Authorities (FIMA) repo facility …
Persistent link: https://www.econbiz.de/10012625891
transmission. -- bank ; global ; liquidity ; transmission ; capital markets ; crisis ; contagion …The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage … is the liquidity management of these banks, specifically the regular flow of funds between parent banks and their …
Persistent link: https://www.econbiz.de/10009266718
Global banks played a significant role in transmitting the 2007-09 financial crisis to emerging-market economies. We … examine adverse liquidity shocks on main developedcountry banking systems and their relationships to emerging markets across …-border lending by foreign banks; 2) a contraction in local lending by foreign banks’ affiliates in emerging markets; and 3) a …
Persistent link: https://www.econbiz.de/10008657295
Foreign banks pulled signifi cant funding from their U.S. branches during the Great Recession. We estimate that the … for larger branches. This internal shock to the balance sheets of U.S. branches of foreign banks had sizable effects on … on their precrisis modes of operation in the United States. -- bank ; global ; liquidity ; transmission ; capital markets …
Persistent link: https://www.econbiz.de/10009521579
where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013 …, this study shows that some regulatory changes indeed spill over. First, a foreign country's tightening of limits on loan … subsidiaries of foreign banks. Second, a foreign tightening of capital requirements shifts lending by U.S. global banks away from …
Persistent link: https://www.econbiz.de/10011547676
global banks (those with foreign affiliates) are associated with ex ante liquidity management strategies as reflected in … lending patterns to domestic and foreign customers. The use of official-sector emergency liquidity facilities by global and …While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the …
Persistent link: https://www.econbiz.de/10010404088
financial crisis. Yet we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … Network, established in 2012, brings together researchers from around the world with access to micro-level data on individual …
Persistent link: https://www.econbiz.de/10010404142
, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance … arrangements. We test these conjectures using data on large U.S. BHCs for the 1996-2018 period. Organizational complexity and … geographic scope tend to provide diversification gains and reduce idiosyncratic and liquidity risks while also increasing BHCs …
Persistent link: https://www.econbiz.de/10012234342
not show differential changes in foreign exchange reserve holdings by central banks in relation to liquidity access. …, reactivated temporary swap agreements, and then introduced the new Foreign and International Monetary Authorities (FIMA) Repo … funding markets as measured by foreign exchange swap basis spreads or covered interest parity deviations, as well as the …
Persistent link: https://www.econbiz.de/10012797880