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The Global Financial Cycle: Quantities versus Prices

Cerutti, Eugenio M. - 2024

We quantify the importance of the Global Financial Cycle (GFCy) in domestic credit and various local asset prices and compare it with that in capital flows. Using 2000-2021 data for 76 economies and a simple methodology, we find that each respective series’ common factor and conventional US...

Persistent link: https://www.econbiz.de/10015080206

Foreign Banks; Trends, Impact and Financial Stability

Horen, Neeltje van; Claessens, Stijn - 2012

Persistent link: https://www.econbiz.de/10009650620

Foreign banks : trends, impact and financial stability

Claessens, Stijn; Horen, Neeltje van - 2012

This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20...

Persistent link: https://www.econbiz.de/10009424698

Paths to eurobonds

Claessens, Stijn; Mody, Ashoka; Vallée, Shahin - 2012

This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financial markets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal...

Persistent link: https://www.econbiz.de/10009620265