. Global banks can provide liquidity and risk-sharing opportunities to the host market in the event of adverse host …

The risk sensitivity of international capital flow pressures is explored using a new Exchange Market Pressure index … masked by foreign exchange interventions and policy rate adjustments. The sensitivity of capital flow pressures to risk … between normal times and extreme stress events. Across countries, risk sensitivities and safe-haven status are associated with …

-sectional differences in response to liquidity risk depend on the banks' shares of core deposit funding. By contrast, differences across …

, including the level of policy rates at the time of the release, and risk conditions: government bond yields increase in response … to "good news", but less so when risk is elevated. Risk conditions matter since they can capture the effects of … objectives of central banks, and the effect of news announcements on the risk premium. …