Buch, Claudia M.; Carstensen, Kai; Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2005
, we test whether foreign bank assets change as a result of domestic and foreign macroeconomic shocks. We frame our … implications of this model using dynamic panel models for changes in foreign bank assets. We find evidence that nominal interest … rate differentials and inflation differentials drive changes in foreign bank assets permanently, while growth rate …