Using the Bank for International Settlements (BIS) Locational Banking Statistics data on bilateral bank claims from …

across banks within each banking system. While insurance companies and pension funds do not transmit home-country monetary … whether the transmission operates differently through banks, insurance companies, and pension funds. We find marked … heterogeneity in the transmission of monetary policy across the three types of institutions, across the three banking systems, and …

We analyze the impact of monetary policy on bilateral cross-border bank flows using the BIS Locational Banking …