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dc.contributor.authorCetorelli, Nicolaen_US
dc.contributor.authorGoldberg, Linda S.en_US
dc.date.accessioned2012-04-18en_US
dc.date.accessioned2012-08-17T14:35:43Z-
dc.date.available2012-08-17T14:35:43Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/60859-
dc.description.abstractForeign banks pulled signifi cant funding from their U.S. branches during the Great Recession. We estimate that the average-sized branch experienced a 12 percent net internal fund withdrawal, with the fund transfer disproportionately bigger for larger branches. This internal shock to the balance sheets of U.S. branches of foreign banks had sizable effects on their lending. On average, for each dollar of funds transferred internally to the parent, branches decreased lending supply by about forty to fifty cents. However, the extent of the lending effects was very different across branches, depending on their precrisis modes of operation in the United States.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 545en_US
dc.subject.jelE44en_US
dc.subject.jelF36en_US
dc.subject.jelG32en_US
dc.subject.ddc330en_US
dc.subject.keywordbanken_US
dc.subject.keywordglobalen_US
dc.subject.keywordliquidityen_US
dc.subject.keywordtransmissionen_US
dc.subject.keywordcapital marketsen_US
dc.subject.keywordcrisisen_US
dc.subject.keywordbranchen_US
dc.subject.stwFinanzmarkten_US
dc.subject.stwBankenliquiditäten_US
dc.subject.stwInternationale Banken_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwUSAen_US
dc.titleFollow the money: Quantifying domestic effects of foreign bank shocks in the great recessionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn690207018en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Staff Reports, Federal Reserve Bank of New York

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