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dc.contributor.authorGoldberg, Linda S.en_US
dc.date.accessioned2012-08-17T14:26:36Z-
dc.date.available2012-08-17T14:26:36Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/60623-
dc.description.abstractUsing bank-specific data on U.S. bank claims on individual foreign countries since the mid-1980s, this paper 1) characterizes the size and portfolio diversification patterns of the U.S. banks engaging in foreign lending, and 2) econometrically explores the determinants of fluctuations in U.S. bank claims on a broad set of countries. U.S. bank claims on Latin American and Asian emerging markets, and on industrialized countries, are sensitive to U.S. macroeconomic conditions. When the United States grows rapidly, there is substitution between claims on industrialized countries and claims on the United States. The pattern of response of claims on emerging markets to U.S. conditions differs across banks of different sizes and across emerging market regions. Moreover, we find that, unlike U.S. bank claims on industrialized countries, claims on emerging markets are not highly sensitive to local country GDP and interest rates.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of New York New York, NYen_US
dc.relation.ispartofseriesStaff Report, Federal Reserve Bank of New York 119en_US
dc.subject.jelF3en_US
dc.subject.jelF4en_US
dc.subject.ddc330en_US
dc.subject.keywordLoans, Foreignen_US
dc.subject.keywordInternational financeen_US
dc.subject.keywordDeveloping countriesen_US
dc.subject.stwInternationale Kreditvergabeen_US
dc.subject.stwAmerikanischen_US
dc.subject.stwKreditgeschäften_US
dc.subject.stwAufstrebende Märkteen_US
dc.subject.stwWelten_US
dc.titleWhen is US bank lending to emerging markets volatile?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn331474220en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Staff Reports, Federal Reserve Bank of New York

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