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dc.contributor.authorCetorelli, Nicolaen_US
dc.contributor.authorGoldberg, Lindaen_US
dc.date.accessioned2012-08-17T14:27:03Z-
dc.date.available2012-08-17T14:27:03Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/60646-
dc.description.abstractU.S. banks have substantial exposure to foreign markets such as Europe and Latin America. In this paper, we show how the amounts and forms of these exposures have evolved over time and note the changes in embodied risks taken through banks’ crossborder activity, local claims, and derivative positions. Our findings vary with the type of U.S. bank. Compared with other banks, money-center banks tend to have a greater share of their assets in foreign exposures. Some of money-center banks’ exposure to riskier countries, particularly Latin American countries, is achieved through the activities of local branches and subsidiaries that take on liabilities as well as assets, a strategy that reduces their bank transfer risk accordingly. As a share of total international exposures, the transfer risk assumed by money-center banks tends to be significantly lower than that of other banks.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 240en_US
dc.subject.jelF3en_US
dc.subject.jelG2en_US
dc.subject.ddc330en_US
dc.subject.keywordbank, foreign exposure, cross border, lending, capital, claims, derivatives, business cycle, interest ratesen_US
dc.subject.stwInternationale Banken_US
dc.subject.stwBankrisikoen_US
dc.subject.stwInternationale Finanzierungen_US
dc.subject.stwUSAen_US
dc.subject.stwWelten_US
dc.titleRisks in US bank international exposuresen_US
dc.typeWorking Paperen_US
dc.identifier.ppn50887260Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Staff Reports, Federal Reserve Bank of New York

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