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The US Dollar Shortage in Global Banking and the International Policy Response
McGuire, Patrick; von Peter, Goetz - 2013
Among the policy responses to the global financial crisis, the international provision of US dollars via central bank swap lines stands out. This paper studies the build-up of stresses on banks' balance sheets that led to this coordinated policy response. Using the BIS international banking...
Persistent link: https://www.econbiz.de/10014202514
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Changing Forces of Gravity : How the Crisis Affected International Banking
Buch, Claudia M. - 2016
The global financial crisis has brought to an end a rather unprecedented period of banks' international expansion. We analyze the effects of the crisis on international banking. Using a detailed dataset on the international assets of all German banks with foreign affiliates for the years...
Persistent link: https://www.econbiz.de/10012988645
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The Shifting Drivers of Global Liquidity
Avdjiev, Stefan - 2017
The post-crisis period has seen a considerable shift in the composition and drivers of international bank lending and international bond issuance, the two main components of global liquidity. The sensitivity of both types of flow to US monetary policy rose substantially in the immediate...
Persistent link: https://www.econbiz.de/10012954014
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Crises and Rescues : Liquidity Transmission Through International Banks
Buch, Claudia M. - 2016
This paper studies how global banks transmit liquidity shocks via their internal capital markets. The unexpected access of German banks' affiliates located in the United States (US) to the Federal Reserve's Term Auction Facility (TAF) serves as our liquidity shock. Using microdata on all...
Persistent link: https://www.econbiz.de/10012984410
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The Determinants of Cross-Border Bank Flows to Emerging Markets : New Empirical Evidence on the Spread of Financial Crises
Herrmann, Sabine - 2010
Europe from 1993 to 2008. The empirical analysis suggests that global as well as country specific factors are significant … cross-border loans to Central and Eastern Europe was more limited compared to Asia and Latin America, in large measure … because of the higher degree of financial and monetary integration in Europe, and relatively sound banking systems in the …
Persistent link: https://www.econbiz.de/10013140116
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Foreign Banks, Liquidity Shocks, and Credit Stability
Belton, Daniel - 2020
We empirically assess the responses of banks in the United States to a regulatory change that influenced the distribution of funding in the banking system. Following the 2011 FDIC change in the assessment base, insured banks found wholesale funding more costly, while uninsured branches of...
Persistent link: https://www.econbiz.de/10012840118
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Supply- and Demand-Side Factors in Global Banking
Amiti, Mary - 2017
What is the role for supply and demand forces in determining movements in international banking flows? Answering this question is crucial for understanding the international transmission of financial shocks and formulating policy. This paper addresses the question by using the method developed...
Persistent link: https://www.econbiz.de/10012955840
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Changing Business Models in International Bank Funding
Gambacorta, Leonardo - 2017
This paper investigates the foreign funding mix of globally active banks. Using BIS international banking statistics for a panel of 12 advanced economies, we detect a structural break in international bank funding at the onset of the global financial crisis. In their post-break business model,...
Persistent link: https://www.econbiz.de/10012961267
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Multinational Banks' Deleveraging in the Crisis Driven by Pre-Crisis Characteristics and Behavior
Frey, Rainer - 2016
After the collapse of Lehman Brothers, a rapid and far-reaching shrinkage of international banks' assets with a focus on foreign claims took place. For the largest 67 German banking groups, we find that both their characteristics and behavior in the pre-crisis episode had repercussions for the...
Persistent link: https://www.econbiz.de/10012988687
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Measuring Contagion Risk in International Banking
Avdjiev, Stefan - 2019
We propose a distress measure for national banking systems that incorporates not only banks' CDS spreads, but also how they interact with the rest of the global financial system via multiple linkage types. The measure is based on a tensor decomposition method that extracts an adjacency matrix...
Persistent link: https://www.econbiz.de/10012866642