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This paper uses a large panel of bilateral bank flow data to assess how institutions and politics affect international … capital -bank in particular- flows. The following key findings emerge: 1) The empirical "gravity" model is the benchmark in …), well-functioning institutions are a key driving force for international bank flows. Specifically, foreign banks invest …
Persistent link: https://www.econbiz.de/10011604483
a strong effect of initial levels of institutional quality on future bank lending. Third, instrumental variable … correlate of international bank inflows. The results thus suggest that institutional underdeveloped can explain a significant …
Persistent link: https://www.econbiz.de/10005791241
global factors driving cross-border bank flows, alongside country-specific factors. It confirms the explanatory power of US … financial conditions, with flows decreasing in market volatility (VIX) and term premia, and increasing in bank leverage, growth … frameworks and better bank regulation, but less so for flows to non-financial firms …
Persistent link: https://www.econbiz.de/10013053045
This paper studies the determinants of global liquidity using data on cross-border bank flows, with a longer time … liquidity is driven primarily by uncertainty (VIX), US monetary policy (term premia), and UK and Euro Area bank conditions … more stringent bank regulation …
Persistent link: https://www.econbiz.de/10013054284
Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the international and global activities of banks across countries. This paper develops and tests a theoretical model that explains this variation from an international trade theory...
Persistent link: https://www.econbiz.de/10009740267
Bartik instrument for capital inflows. Our results suggest that foreign funds boost bank lending to the domestic economy …. This result is due to the positive effect of capital inflows on bank lending to non-financial firms and to other domestic …
Persistent link: https://www.econbiz.de/10012025808
Bartik instrument for capital inflows. Our results suggest that foreign funds boost bank lending to the domestic economy …. This result is due to the positive effect of capital inflows on bank lending to non-financial firms and to other domestic …
Persistent link: https://www.econbiz.de/10012030006
locally in the foreign market, arises from differences in country-level bank efficiency. Together, these two driving forces … banking relative to international banking. Its key predictions regarding the cross-country pattern of foreign bank asset and …
Persistent link: https://www.econbiz.de/10010333594
Bartik instrument for capital inflows. Our results suggest that foreign funds boost bank lending to the domestic economy …. This result is due to the positive effect of capital inflows on bank lending to non-financial firms and to other domestic …
Persistent link: https://www.econbiz.de/10012040362
Bartik instrument for capital inflows. Our results suggest that foreign funds boost bank lending to the domestic economy …. This result is due to the positive effect of capital inflows on bank lending to non-financial firms and to other domestic …
Persistent link: https://www.econbiz.de/10012049297