Arbeitspapier
Follow the money: Quantifying domestic effects of foreign bank shocks in the great recession
Foreign banks pulled signifi cant funding from their U.S. branches during the Great Recession. We estimate that the average-sized branch experienced a 12 percent net internal fund withdrawal, with the fund transfer disproportionately bigger for larger branches. This internal shock to the balance sheets of U.S. branches of foreign banks had sizable effects on their lending. On average, for each dollar of funds transferred internally to the parent, branches decreased lending supply by about forty to fifty cents. However, the extent of the lending effects was very different across branches, depending on their precrisis modes of operation in the United States.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 545
- Klassifikation
-
Wirtschaft
Financial Markets and the Macroeconomy
Financial Aspects of Economic Integration
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- Thema
-
bank
global
liquidity
transmission
capital markets
crisis
branch
Finanzmarkt
Bankenliquidität
Internationale Bank
Finanzmarktkrise
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cetorelli, Nicola
Goldberg, Linda S.
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Cetorelli, Nicola
- Goldberg, Linda S.
- Federal Reserve Bank of New York
Entstanden
- 2012
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