Liquidity management of U.S. global banks: internal capital markets in the Great Recession

By Nicola Cetorelli, Linda S. Goldberg. 2011

130 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/aa0dca821013c6de2bfec61fc49122cfa3b6cd1b

Citations in the corpus

• The Impact of the Global Financial Crisis on Banking Globalization (2014, unknown): “…also introduce instability as banks can have incentives to repatriate liquidity and capital from their foreign affiliates when in trouble at home (Cetorelli and Goldberg, 2012), which reduce their local lending (Peek and Rosengren, 1997, 2000a), especially when not financed by local deposits (De…”
• Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More than Fundamentals (2015, unknown): “We use the BIS LBS instead of BIS CBS because the first dataset provides data following the same residency principle as the one used in BOP data (see Cerutti et al. 2014 for further details).”
• Bank lending, crises, and changing ownership structure in Central and Eastern European countries (2017, unknown): “On the other hand, Cetorelli and Goldberg (2012) show that parent banks, when hit by a funding shock, reallocate liquidity in the organization according to a locational pecking order.”
• The “Big C”: identifying and mitigating contagion (2012, unknown): “For overviews of various channels of contagion and different ways to categorize them, see Claessens et al. (2001), Karolyi (2003), Forbes (2004), Allen et al.”
• The shifting drivers of global liquidity (2020, unknown): “Cetorelli and Goldberg (2012b) show bank transmission through internal capital markets and heterogeneity in shock transmission to countries depending on their global bank-specific importance in lending and funding”
• Foreign Banks and the Vienna Initiative: Turning Sinners into Saints? (2012, unknown): “Banks started to deleverage both at home and abroad, a process that accelerated after the collapse of Lehman Brothers in September 2008 (Cetorelli and Goldberg, 2011; De Haas and Van Horen, 2012).”
• The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach‐for‐Yield, and Real Effects (2017, unknown): “Cetorelli and Goldberg (2012a, 2012b) provide direct evidence that global banks manage liquidity on a global scale, actively using cross-border internal funding in response to local shocks.”