We show that macroprudential regulation significantly dampens the impact of global
financial shocks on emerging markets. Specifically, a tighter level of regulation reduces the …

Global activities of banks are a core manifestation of broader patterns of globalization of
production, trade, and finance. This article reviews the extensive recent empirical and …

Abstract This paper uses Call Report data to examine the impact of home country monetary
policy on foreign bank subsidiary lending in the United States during the COVID-19 …

We combine a rarely accessed BIS database on cross-border lending flows with cross-
country data on macroprudential regulations. We find significant interactions between the …

We show that nonbank lenders act as global shock absorbers from US monetary policy
spillovers. For identification, we exploit monetary policy surprises and the global syndicated …

We examine whether emerging market prudential policies help to reduce the macro-
financial spillover effects of US monetary policy. We find that emerging markets with tighter …

We investigate the transmission of changes in bank capital requirements and monetary
policy, and their interaction, on German banks' corporate loan growth and lending rates. Our …

We examine how changes in capital requirements and monetary policy shocks affect
corporate investment during a credit boom. Our empirical analysis uses data on SMEs in the …

Global liquidity refers to the volumes of financial flows–largely intermediated through global
banks and non-bank financial institutions–that can move at relatively high frequencies …

This paper examines whether the increased use of macroprudential policies since the global
financial crisis has affected the impact of (euro‐area and foreign) monetary policy on …