 Global BankingAndrada Bilan,
Hans Degryse,
Kuchulain O’Flynn () and
Steven Ongena
Chapter Chapter 6 in Banking and Financial Markets, 2019, pp 133-178 from Palgrave Macmillan Abstract: Abstract In this chapter, we review the literature that seeks to uncover the consequences of the integration of the global banking system. We begin by proving a detailed description of the main concepts in the global banking literature and the different channels through which economic shocks are transmitted. Next, we review how the integration of the banking system affects borrowing constraints, loan rates, and economic output. Further, we review the literature that seeks to uncover why and how banks establish branches and subsidiaries in foreign countries. We then review the literature on the effects of the assets of a local bank’s foreign affiliates on their sensitivity to local funding shocks? We continue by discussing how monetary policy is transmitted across boarders, both inward and outward transmission. Finally, we discuss how global banking interacts with macroprudential policy. Keywords: Globalization; Banking; Lending; Monetary policy; Macroprudential policy (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-26844-2_6 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-26844-2_6 Access Statistics for this chapter More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan |
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