Arbeitspapier
International Bank Portfolios: Short- and Long-Run Responses to the Business Cycle
International bank portfolios constitute a large component of international country portfolios. Yet, their response to macroeconomic conditions and their impact on the international transmission of business cycles developments remains largely unexplored. We use a novel dataset on banks? international portfolios to answer three questions. First, what are the long-run determinants of banks? international portfolios? Second, how do banks? international portfolios adjust to short-run macroeconomic developments? Third, does the speed of adjustment change with the degree of financial integration? We provide evidence of significant long-run cointegration relationships between cross-border assets and liabilities of banks and key macroeconomic variables. Both, the long-run determinants of banks? international portfolios as well as the short-run dynamics show a significant degree of heterogeneity across countries and, to some extent, over time. Gravitytype variables help explaining differences in the speed of adjustment to new equilibria.
- Sprache
-
Englisch
- Erschienen in
-
Series: IAW Diskussionspapiere ; No. 29
- Klassifikation
-
Wirtschaft
Current Account Adjustment; Short-term Capital Movements
International Lending and Debt Problems
International Policy Coordination and Transmission
- Thema
-
international bank portfolios
macroeconomic developments
transmission channels
Internationale Bank
Bilanzstrukturmanagement
Portfolio-Management
International
Makroökonomischer Einfluss
Konjunkturzusammenhang
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Blank, Sven
Buch, Claudia M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Institut für Angewandte Wirtschaftsforschung (IAW)
- (wo)
-
Tübingen
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Blank, Sven
- Buch, Claudia M.
- Institut für Angewandte Wirtschaftsforschung (IAW)
Entstanden
- 2007
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