Cross-Border Bank Flows and Systemic Risk
| Autor: | John Sedunov, Alvaro G. Taboada, George Andrew Karolyi |
|---|---|
| Rok vydání: | 2023 |
| Předmět: |
Bank rate
History Economics and Econometrics Reserve requirement Polymers and Plastics Asset quality Chinese financial system Official cash rate Bank regulation Financial system Industrial and Manufacturing Engineering Expected shortfall Accounting Systemic risk Business Business and International Management Finance |
| Zdroj: | Review of Finance. |
| ISSN: | 1573-692X 1572-3097 |
| DOI: | 10.1093/rof/rfad001 |
| Popis: | Using Bank for International Settlements (BIS) data on cross-border bank flows across 128 countries and over two decades, we find that heightened bank flows are associated with improved financial stability in a recipient country’s bank system. The reductions in marginal expected shortfall (MES) are concentrated among network-central banks and especially those in less concentrated banking sectors. Higher bank flows are also associated with improvements in bank asset quality, efficiency, and profitability in recipient markets. We interpret these new findings as consistent with predictions from recent models of bank globalization that emphasize a competition channel for bank risk-taking. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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