Global liquidity refers to the volumes of financial flows—largely intermediated through global banks and non-bank financial institutions—that can move at relatively high frequencies across borders. The amplitude of responses to global conditions like risk sentiment, discussed in the context...

This study empirically investigates the impact of country-level determinants and banking sectorspecific characteristics on the volatility of cross-border bank lending in the face of financial crises. Employing data on international bank lending between 13 industrialized countries and 51 emerging...

We test a simple model of exchange rate regime choice with data for non-OECD countries covering the period 1980-94. We find the variance of output at home and in potential target countries as well as the correlation between home and foreign real activity are powerful and robust predictors of...