Kreicher, Lawrence L; McCauley, Robert N; McGuire, Patrick - Bank for International Settlements (BIS) - 2013
-chartered banks shifted funding to more stable deposits. At the same time, the US branches of non-US banks, which were unaffected by … the widened assessment base, increased US assets, funding their take-up of most of the Fed's reserve injection of $600 … billion offshore. Thus, a new internationally uncoordinated policy had the expected effect on US banks' funding structure, but …