Business cycle synchronization: The role of US global banks

Carmela D'Avino

Economics Bulletin, 2020, vol. 40, issue 3, 1863-1878

Abstract: This paper contributes to our understanding of international financial linkages created by US banks by looking at the geography of the balance sheet of their foreign branches. The empirical investigation presented in this paper shows some preliminary evidence in favor of the fact that the magnitude of operations of foreign branches can significantly explain business cycle synchronization between a host country and the US. The normative suggestions arising from our results highlight the international coordination of caps on intra-office flows.

Keywords: Global banks; foreign branches; international financial linkages; output synchronization. (search for similar items in EconPapers)
JEL-codes: G2 (search for similar items in EconPapers)
Date: 2020-07-14
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I3-P161.pdf (application/pdf)

Related works:
Working Paper: Business cycle synchronization: The role of US global banks (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-20-00112

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().