Home eBooks Download › uncertainty and cross border banking flows

Uncertainty And Cross Border Banking Flows

Download Uncertainty And Cross Border Banking Flows PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Uncertainty And Cross Border Banking Flows book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

Uncertainty And Cross Border Banking Flows

DOWNLOAD eBooks

Author : Sangyup Choi
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-05

Uncertainty And Cross Border Banking Flows written by Sangyup Choi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-05 with Business & Economics categories.

While global uncertainty—measured by the VIX—has proven to be a robust global “push” factor of international capital flows, there has been no systematic study assessing the role of country-specific uncertainty as a key (pull and push) factor of international capital flows. This paper tries to fill this gap in the literature by examining the effects of country-specific uncertainty shocks on cross-border banking flows using the confidential Bank for International Settlements Locational Banking Statistics data. The dyadic structure of this data allows to disentangle supply and demand factors and to better identify the effect of uncertainty shocks on cross-border banking flows. The results of this analysis suggest that: (i) uncertainty is both a push and pull factor that robustly predicts a decrease in both outflows (retrenchment) and inflows (stops); (ii) global banks rebalance their lending towards safer foreign borrowers from local borrowers when facing higher uncertainty; (iii) this rebalancing occurs only towards advanced economies (flight to quality), but not emerging market economies.

International Bank Lending Channel Of Monetary Policy

DOWNLOAD eBooks

Author : Silvia Albrizio
language : en
Publisher: International Monetary Fund
Release Date : 2019-11-01

International Bank Lending Channel Of Monetary Policy written by Silvia Albrizio and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-01 with Business & Economics categories.

How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the transmission channel of domestic monetary policy in the cross-border context. We use exogenous shocks to monetary policy in systemically important economies, including the U.S., and local projections to estimate the dynamic effect of monetary policy shocks on bilateral cross-border bank lending. We find robust evidence that an increase in funding costs following an exogenous monetary tightening leads to a statistically and economically significant decline in cross-border bank lending. The effect is weakened during periods of high uncertainty. In contrast, the effect is found to not vary according to the degree of borrower country riskiness, further weakening support for the international portfolio rebalancing channel.

Global Liquidity And Drivers Of Cross Border Bank Flows

DOWNLOAD eBooks

Author : Eugenio Cerutti
language : en
Publisher: International Monetary Fund
Release Date : 2014-04-29

Global Liquidity And Drivers Of Cross Border Bank Flows written by Eugenio Cerutti and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-29 with Business & Economics categories.

This paper provides a definition of global liquidity consistent with its meaning as the “ease of financing” in international financial markets. Using a longer time series and broader sample of countries than in previous studies, it identifies 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 in domestic credit and M2. A new finding is that similar variables for other systemic countries – the UK and the Euro Area – are also important, sometimes even more so, consistent with the dominant role of European banks in cross-border banking. Furthermore, recipient country characteristics are found to affect not only the level of country-specific flows, but also the cyclical impact of global liquidity, with sensitivities of flows to banks decreasing with stronger macroeconomic frameworks and better bank regulation, but less so for flows to non-financial firms.

Cross Border Banking And The Circumvention Of Macroprudential And Capital Control Measures

DOWNLOAD eBooks

Author : Mr.Eugenio M Cerutti
language : en
Publisher: International Monetary Fund
Release Date : 2018-10-01

Cross Border Banking And The Circumvention Of Macroprudential And Capital Control Measures written by Mr.Eugenio M Cerutti and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-01 with Business & Economics categories.

We analyze the joint impact of macroprudential and capital control measures on cross-border banking flows, while controlling for multidimensional aspects in lender-and-borrower-relationships (e.g., distance, cultural proximity, microprudential regulations). We uncover interesting spillover effects from both types of measures when applied either by lender or borrowing countries, with many of them most likely associated with circumvention or arbitrage incentives. While lender countries’ macroprudential policies reduce direct cross-border banking outflows, they are associated with larger outflows through local affiliates. Direct cross-border inflows are higher in borrower countries with more usage of macroprudential policies, and are linked to circumvention motives. In the case of capital controls, most spillovers seem to be present through local affiliates. We do not find evidence to support the idea that additional capital inflow controls could interact with macro-prudential policies to mitigate cross-border spillovers.

Cross Border Credit Intermediation And Domestic Liquidity Provision In A Small Open Economy

DOWNLOAD eBooks

Author : Thorvardur T. Olafsson
language : en
Publisher: International Monetary Fund
Release Date : 2018-09-11

Cross Border Credit Intermediation And Domestic Liquidity Provision In A Small Open Economy written by Thorvardur T. Olafsson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-11 with Business & Economics categories.

This paper develops a small open economy model where global and domestic liquidity is intermediated to the corporate sector through two financial processes. Investment banks intermediate cross-border credit through interlinked debt contracts to entrepreneurs and commercial banks intermediate domestic savings to liquidity constrained final good producers. Both processes are needed to facilitate development of key production inputs. The model captures procyclical investment bank leverage dynamics, global liquidity spillovers, domestic money market pressures, and macrofinancial linkages through which shocks propagate across the two processes, affecting spreads and balance sheets, as well as the real economy through investment and working capital channels.

Cross Border Banking In Europe

DOWNLOAD eBooks

Author : Franklin Allen
language : en
Publisher: CEPR
Release Date : 2011

Cross Border Banking In Europe written by Franklin Allen and has been published by CEPR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Banks and banking categories.

This report argues that policy reforms in micro- and macro-prudential regulation and macroeconomic policies are needed for Europe to reap the important diversification and efficiency benefits from cross-border banking, while reducing the risks stemming from large cross-border banks.Available online as pdf at: http: //www.cepr.org/pubs/books/CEPR/cross-border_banking.pd

Uncertainty And Cross Border Banking Flows

DOWNLOAD eBooks

Author : Sangyup Choi
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-05

The Great Cross Border Bank Deleveraging

DOWNLOAD eBooks

Author : Mr.Eugenio Cerutti
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2014-09-25

The Great Cross Border Bank Deleveraging written by Mr.Eugenio Cerutti and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-25 with Business & Economics categories.

International banks greatly reduced their direct cross-border and local affiliates’ lending as the global financial crisis strained balance sheets, lowered borrower demand, and changed government policies. Using bilateral, lender-borrower countrydata and controlling for credit demand, we show that reductions largely varied in line with markets’ prior assessments of banks’ vulnerabilities, with banks’ financial statement variables and lender-borrower country characteristics playing minor roles. We find evidence that moving resources within banking groups became more restricted as drivers of reductions in direct cross-border loans differ from those for local affiliates’ lending, especially for impaired banking systems. Home bias induced by government interventions, however, affected both equally.

Cross Border Bank Resolution Recent Developments

DOWNLOAD eBooks

Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2014-02-06

Cross Border Bank Resolution Recent Developments written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-06 with Business & Economics categories.

Developing an effective framework for cross-border resolution is a key priority in international regulatory reform. Large bank failures during the global financial crisis brought home the lack of adequate tools for resolving “too-big-to-fail” institutions. In cross-border cases, misaligned incentives and lack of robust mechanisms for resolution and cross-border cooperation left some country authorities with little choice but to take unilateral actions, which contributed to the high fiscal costs of the crisis and resulted in disorderly resolution in some cases

Cross Border Currency Exposures

DOWNLOAD eBooks

Author : Luciana Juvenal
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-27

Cross Border Currency Exposures written by Luciana Juvenal and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-27 with Business & Economics categories.

This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods. The paper illustrates current and new uses of these data, with particular focus on the evolution of currency exposures of cross-border positions.

Uncertainty And Cross Border Banking Flows

Recent Posts