BUCH, CLAUDIA M.; CARSTENSEN, KAI; SCHERTLER, ANDREA - In: Journal of Money, Credit and Banking 42 (2010) 1, pp. 171-188
Recent developments in international financial markets have highlighted the role of banks in the transmission of shocks across borders. We employ dynamic panel methods for a sample of OECD countries to analyze whether banks' foreign assets react to macroeconomic shocks at home and abroad. We...