Cross-Border Banking and Global Liquidity

By Valentina Bruno, Hyun Song Shin. 2015

845 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4d292b84391990156f29f141c45a0c792a19057f

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Citations in the corpus

Global liquidity and cross-border bank flows (2017, background): “Bruno and Shin (2015a) link global financial conditions to banks’ risk attitudes and funding conditions as proxied by the leverage of US broker-dealers.”
Deviations from Covered Interest Rate Parity (2018, neutral): “, Cetorelli and Goldberg, 2011, 2012; Correa, Sapriza, and Zlate, 2012; Shin, 2012; and Bruno and Shin, 2015). Adrian, Etula, and Muir (2014) and He, Kelly, and Manela (2015) show that shocks to the equity capital ratio of financial intermediaries account for a large share of the cross-sectional var”
Self-oriented monetary policy, global financial markets and excess volatility of international capital flows (2015, neutral): “Rey (2013), Miranda-Agrippino and Rey (2014), and Bruno and Shin (2014a) describe a ‘global financial cycle’ in which capital flows to many countries are highly positively correlated and closely tied to US monetary policy.”
Federal Reserve Policy in an International Context (2017, background): “26The literature on the “risk-taking channel” of monetary policy finds that monetary policy actions work in part by affecting investors’ risk preferences, although I am not aware of much theoretical analysis of the channel (Bruno and Shin, 2015).”
The International Price System (2015, background): “Ongoing discussions of monetary policy spillovers focus on asset markets, with the prominence of the dollar in world asset trade flagging concerns about a global credit cycle driven by U.S. monetary policy, as in Rey (2013) and Bruno and Shin (2015).”
The shifting drivers of global liquidity (2020, neutral): “US monetary policy tightening and episodes of dollar appreciation are associated with deleveraging of global banks, reduced capital flows to emerging markets, and an overall tightening of global financial conditions (Bruno and Shin, 2015).”