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Linda S. Goldberg

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Claudia M Buch & Linda S Goldberg, 2015. "International Banking and Liquidity Risk Transmission: Lessons from Across Countries," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(3), pages 377-410, November.

    Mentioned in:

    1. U.S. Monetary Policy as a Changing Driver of Global Liquidity
      by Blog Author in Liberty Street Economics on 2017-10-11 16:00:00

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Stefan Avdjiev & Leonardo Gambacorta & Linda Goldberg & Stefano Schiaffi, 2017. "The shifting drivers of global liquidity," BIS Working Papers 644, Bank for International Settlements.

    Mentioned in:

    1. > Macroeconomics > Monetary Theory
  2. Goldberg, Linda S & Kolstad, Charles D, 1995. "Foreign Direct Investment, Exchange Rate Variability and Demand Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(4), pages 855-873, November.

    Mentioned in:

    1. > International Economics > Economics of FDI

Working papers

  1. Claudia M. Buch & Matthieu Bussiere & Linda Goldberg & Robert Hills, 2018. "The International Transmission of Monetary Policy," NBER Working Papers 24454, National Bureau of Economic Research, Inc.

    Cited by:

    1. Hills, Robert & Ho, Kelvin & Reinhardt, Dennis & Sowerbutts, Rhiannon & Wong, Eric & Wu, Gabriel, 2017. "The international transmission of monetary policy through financial centres: evidence from the United Kingdom and Hong Kong," Bank of England working papers 682, Bank of England.
    2. Andrew Filardo & Pierre Siklos, 2018. "The cross-border credit channel and lending standards surveys," BIS Working Papers 723, Bank for International Settlements.

  2. Avdjiev, Stefan & Gambacorta, Leonardo & Goldberg, Linda S. & Schiaffi, Stefano, 2017. "The shifting drivers of global liquidity," Staff Reports 819, Federal Reserve Bank of New York.

    Cited by:

    1. Temesvary, Judit & Ongena, Steven & Owen, Ann L., 2018. "A global lending channel unplugged? Does U.S. monetary policy affect cross-border and affiliate lending by global U.S. banks?," Journal of International Economics, Elsevier, vol. 112(C), pages 50-69.
    2. Ramon Moreno & José María Serena Garralda, 2018. "Firms' credit risk and the onshore transmission of the global financial cycle," BIS Working Papers 712, Bank for International Settlements.
    3. Ragna Alstadheim & Christine Blandhol, 2018. "The global financial cycle, bank capital flows and monetary policy. Evidence from Norway," Working Paper 2018/2, Norges Bank.
    4. D'Avino, Carmela, 2018. "Quantitative easing, global banks and the international bank lending channel," Economic Modelling, Elsevier, vol. 71(C), pages 234-246.

  3. Jose Berrospide & Ricardo Correa & Linda Goldberg & Friederike Niepmann, 2016. "International Banking and Cross-border Effects of Regulation: Lessons from the United States," NBER Working Papers 22645, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ohls, Jana & Pramor, Marcus & Tonzer, Lena, 2016. "International banking and cross-border effects of regulation: Lessons from Germany," Discussion Papers 27/2016, Deutsche Bundesbank.
    2. Isabel Argimon & Clemens Bonner & Ricardo Correa & Patty Duijm & Jon Frost & Jakob de Haan & Leo de Haan & Viktors Stebunovs, 2018. "Financial Institutions’ Business Models and the Global Transmission of Monetary Policy," International Finance Discussion Papers 1228, Board of Governors of the Federal Reserve System (U.S.).
    3. Temesvary, Judit & Ongena, Steven & Owen, Ann L., 2018. "A global lending channel unplugged? Does U.S. monetary policy affect cross-border and affiliate lending by global U.S. banks?," Journal of International Economics, Elsevier, vol. 112(C), pages 50-69.
    4. H. Evren Damar & Adi Mordel, 2017. "International Banking and Cross-Border Effects of Regulation: Lessons from Canada," International Journal of Central Banking, International Journal of Central Banking, vol. 13(2), pages 35-64, March.
    5. Előd Takáts & Judit Temesvary, 2017. "Can macroprudential measures make cross-border lending more resilient?," BIS Working Papers 683, Bank for International Settlements.
    6. Ashraf, Badar Nadeem & Arshad, Sidra, 2017. "Foreign bank subsidiaries’ risk-taking behavior: Impact of home and host country national culture," Research in International Business and Finance, Elsevier, vol. 41(C), pages 318-335.
    7. Claudia M. Buch & Linda Goldberg, 2016. "Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network," NBER Working Papers 22874, National Bureau of Economic Research, Inc.
    8. Luis Cabezas & Alejandro Jara, 2016. "International Banking and Cross-Border Effects of Regulation: Lessons from Chile," Working Papers Central Bank of Chile 790, Central Bank of Chile.
    9. William Chen & Gregory Phelan, 2017. "Macroprudential Policy Coordination with International Capital Flows," Department of Economics Working Papers 2017-05, Department of Economics, Williams College.

  4. Buch, Claudia M. & Goldberg, Linda S., 2016. "Cross-border prudential policy spillovers: how much? How important? Evidence from the International Banking Research Network," Staff Reports 801, Federal Reserve Bank of New York.

    Cited by:

    1. Maijoor, S. & Boidard, C., 2017. "A stability perspective of market-based finance: designing new prudential tools?," Financial Stability Review, Banque de France, issue 21, pages 149-156, April.
    2. Hoggarth, Glen & Jung, Carsten & Reinhardt, Dennis, 2016. "Capital inflows — the good, the bad and the bubbly," Bank of England Financial Stability Papers 40, Bank of England.
    3. Dombrovskis, V., 2017. "Building a strong financial sector," Financial Stability Review, Banque de France, issue 21, pages 77-85, April.
    4. Forbes, Kristin & Reinhardt, Dennis & Wieladek, Tomasz, 2016. "The spillovers, interactions, and (un)intended consequences of monetary and regulatory policies," Discussion Papers 44, Monetary Policy Committee Unit, Bank of England.
    5. Anton Korinek, 2017. "Currency Wars or Efficient Spillovers? A General Theory of International Policy Cooperation," IMF Working Papers 17/25, International Monetary Fund.
    6. Persaud, A., 2017. "Central clearing and risk transformation," Financial Stability Review, Banque de France, issue 21, pages 141-147, April.
    7. Cont, R., 2017. "Have post-crisis financial reforms crimped market liquidity?," Financial Stability Review, Banque de France, issue 21, pages 127-138, April.
    8. Joshua Aizenman & Menzie D. Chinn & Hiro Ito, 2017. "Financial Spillovers and Macroprudential Policies," NBER Working Papers 24105, National Bureau of Economic Research, Inc.
    9. Anton Korinek, 2017. "Currency wars or efficient spillovers?," BIS Working Papers 615, Bank for International Settlements.
    10. Buch, Claudia M. & Bussiere, Matthieu & Goldberg, Linda S. & Hills, Robert, 2018. "The international transmission of monetary policy," Staff Reports 845, Federal Reserve Bank of New York.
    11. Stefan Avdjiev & Leonardo Gambacorta & Linda Goldberg & Stefano Schiaffi, 2017. "The shifting drivers of global liquidity," BIS Working Papers 644, Bank for International Settlements.
    12. Parigi, B.M., 2017. "National and supranational banking regulators: between delayed intervention and time inconsistency," Financial Stability Review, Banque de France, issue 21, pages 87-94, April.
    13. Chousakos, K. & Gorton, G., 2017. "Bank health post-crisis," Financial Stability Review, Banque de France, issue 21, pages 55-67, April.
    14. Jose M Berrospide & Ricardo Correa & Linda S Goldberg & Friederike Niepmann, 2017. "International Banking and Cross-Border Effects of Regulation: Lessons from the United States," International Journal of Central Banking, International Journal of Central Banking, vol. 13(2), pages 435-476, March.
    15. Bush, C., 2017. "Macroprudential measures and capital controls: towards a framework for policy evaluation," Financial Stability Review, Banque de France, issue 21, pages 157-166, April.
    16. König, E., 2017. "Implementing an efficient resolution framework in the Banking Union: lessons from the crisis and challenges ahead," Financial Stability Review, Banque de France, issue 21, pages 71-76, April.
    17. Nouy, D., 2017. "Safer than ever before? An assessment of the impact of regulation on banks’ resilience eight years on," Financial Stability Review, Banque de France, issue 21, pages 23-32, April.
    18. Coeuré, B., 2017. "Central clearing: reaping the benefits, controlling the risks," Financial Stability Review, Banque de France, issue 21, pages 97-110, April.
    19. Becker, Christian & Ossandon Busch, Matias & Tonzer, Lena, 2017. "Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil," IWH Discussion Papers 21/2017, Halle Institute for Economic Research (IWH).
    20. Weber, A., 2017. "The impact of financial regulation: a G-SIB perspective," Financial Stability Review, Banque de France, issue 21, pages 45-54, April.
    21. Jan Klingelhöfer & Rongrong Sun, 2017. "Macroprudential Policy, Central Banks and Financial Stability: Evidence from China," CFDS Discussion Paper Series 2017/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    22. Elliot, D. J. & Balta, E., 2017. "Measuring the impact of Basel III," Financial Stability Review, Banque de France, issue 21, pages 33-43, April.
    23. Carney, M., 2017. "Ten years on: fixing the fault lines of the global financial crisis," Financial Stability Review, Banque de France, issue 21, pages 13-20, April.
    24. Markose, S. & Giansante, S. & Rais Shaghaghi, A., 2017. "Central clearing: reaping the benefits, controlling the risks," Financial Stability Review, Banque de France, issue 21, pages 111-126, April.

  5. Cetorelli, Nicola & Goldberg, Linda S., 2016. "Organizational complexity and balance sheet management in global banks," Staff Reports 772, Federal Reserve Bank of New York.

    Cited by:

    1. Krause, Thomas & Sondershaus, Talina & Tonzer, Lena, 2017. "Complexity and bank risk during the financial crisis," Economics Letters, Elsevier, vol. 150(C), pages 118-121.
    2. Krause, Thomas & Sondershaus, Talina & Tonzer, Lena, 2016. "The Role of Complexity for Bank Risk during the Financial Crisis: Evidence from a Novel Dataset," IWH Discussion Papers 17/2016, Halle Institute for Economic Research (IWH).

  6. Buch, Claudia M. & Goldberg, Linda S., 2014. "International banking and liquidity risk transmission: lessons from across countries," Staff Reports 675, Federal Reserve Bank of New York.

    Cited by:

    1. Ohls, Jana & Pramor, Marcus & Tonzer, Lena, 2016. "International banking and cross-border effects of regulation: Lessons from Germany," Discussion Papers 27/2016, Deutsche Bundesbank.
    2. Claudia Buch & Catherine Koch & Michael Koetter, 2016. "Crises and rescues: liquidity transmission through international banks," BIS Working Papers 576, Bank for International Settlements.
    3. Maijoor, S. & Boidard, C., 2017. "A stability perspective of market-based finance: designing new prudential tools?," Financial Stability Review, Banque de France, issue 21, pages 149-156, April.
    4. Stijn Claessens & Neeltje van Horen, 2015. "The Impact of the Global Financial Crisis on Banking Globalization," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(4), pages 868-918, November.
    5. Leonardo Gambacorta & Adrian Van Rixtel & Stefano Schiaffi, 2017. "Changing business models in international bank funding," BIS Working Papers 614, Bank for International Settlements.
    6. Dombrovskis, V., 2017. "Building a strong financial sector," Financial Stability Review, Banque de France, issue 21, pages 77-85, April.
    7. Kelvin Ho & Eric Wong & Edward Tan, 2017. "International Banking and Cross-Border Effects of Regulation: Lessons from Hong Kong," International Journal of Central Banking, International Journal of Central Banking, vol. 13(2), pages 195-221, March.
    8. Stijn Claessens, 2017. "Global Banking: Recent Developments and Insights from Research," Review of Finance, European Finance Association, vol. 21(4), pages 1513-1555.
    9. Noth, Felix & Ossandon Busch, Matias, 2017. "Banking globalization, local lending, and labor market effects: Micro-level evidence from Brazil," IWH Discussion Papers 7/2017, Halle Institute for Economic Research (IWH).
    10. Persaud, A., 2017. "Central clearing and risk transformation," Financial Stability Review, Banque de France, issue 21, pages 141-147, April.
    11. Littke, Helge C. N. & Eichler, Stefan & Tonzer, Lena, 2016. "Central Bank Transparency and Cross-Border Banking," Annual Conference 2016 (Augsburg): Demographic Change 145598, Verein für Socialpolitik / German Economic Association.
    12. Charles Engel, 2015. "Macroprudential Policy under High Capital Mobility: Policy Implications from an Academic Perspective," NBER Chapters,in: International Finance in the Global Markets National Bureau of Economic Research, Inc.
    13. Cont, R., 2017. "Have post-crisis financial reforms crimped market liquidity?," Financial Stability Review, Banque de France, issue 21, pages 127-138, April.
    14. Claudia M. Buch & Linda Goldberg, 2016. "Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network," NBER Working Papers 22874, National Bureau of Economic Research, Inc.
    15. Accominotti, Olivier, 2016. "International banking and transmission of the 1931 financial crisis," Economic History Working Papers 84581, London School of Economics and Political Science, Department of Economic History.
    16. Sebastian Doerr & Philipp Schaz, 2018. "Bank Loan Supply during Crises: The Importance of Geographic Diversification," ECON - Working Papers 288, Department of Economics - University of Zurich.
    17. Stefan Avdjiev & Leonardo Gambacorta & Linda Goldberg & Stefano Schiaffi, 2017. "The shifting drivers of global liquidity," BIS Working Papers 644, Bank for International Settlements.
    18. Parigi, B.M., 2017. "National and supranational banking regulators: between delayed intervention and time inconsistency," Financial Stability Review, Banque de France, issue 21, pages 87-94, April.
    19. Chousakos, K. & Gorton, G., 2017. "Bank health post-crisis," Financial Stability Review, Banque de France, issue 21, pages 55-67, April.
    20. Bussière, Matthieu & Schmidt, Julia & Valla, Natacha, 2016. "International financial flows in the new normal: Key patterns (and why we should care)," EIB Working Papers 2016/02, European Investment Bank (EIB).
    21. Bush, C., 2017. "Macroprudential measures and capital controls: towards a framework for policy evaluation," Financial Stability Review, Banque de France, issue 21, pages 157-166, April.
    22. König, E., 2017. "Implementing an efficient resolution framework in the Banking Union: lessons from the crisis and challenges ahead," Financial Stability Review, Banque de France, issue 21, pages 71-76, April.
    23. Yan, Cheng & Phylaktis, Kate & Fuertes, Ana-Maria, 2016. "On cross-border bank credit and the U.S. financial crisis transmission to equity markets," Journal of International Money and Finance, Elsevier, vol. 69(C), pages 108-134.
    24. Nouy, D., 2017. "Safer than ever before? An assessment of the impact of regulation on banks’ resilience eight years on," Financial Stability Review, Banque de France, issue 21, pages 23-32, April.
    25. Coeuré, B., 2017. "Central clearing: reaping the benefits, controlling the risks," Financial Stability Review, Banque de France, issue 21, pages 97-110, April.
    26. Weber, A., 2017. "The impact of financial regulation: a G-SIB perspective," Financial Stability Review, Banque de France, issue 21, pages 45-54, April.
    27. Claessens, Stijn, 2017. "Regulation and structural change in financial systems," CEPR Discussion Papers 11822, C.E.P.R. Discussion Papers.
    28. Elliot, D. J. & Balta, E., 2017. "Measuring the impact of Basel III," Financial Stability Review, Banque de France, issue 21, pages 33-43, April.
    29. Bussière, M. & Camara, B. & Castellani, F.-D. & Potier, V. & Schmidt, J., 2014. "Shock Transmission through International Banks – Evidence from France," Working papers 485, Banque de France.
    30. Pierre-Richard Agénor & Luiz Awazu Pereira da Silva, 2018. "Financial spillovers, spillbacks, and the scope for international macroprudential policy coordination," BIS Papers, Bank for International Settlements, number 97, December.
    31. Villeroy de Galhau, F., 2017. "Towards financial stability: A common good that needs to be consolidated and reinforced," Financial Stability Review, Banque de France, issue 21, pages 7-10, April.
    32. Krause, Thomas & Sondershaus, Talina & Tonzer, Lena, 2016. "The Role of Complexity for Bank Risk during the Financial Crisis: Evidence from a Novel Dataset," IWH Discussion Papers 17/2016, Halle Institute for Economic Research (IWH).
    33. Carney, M., 2017. "Ten years on: fixing the fault lines of the global financial crisis," Financial Stability Review, Banque de France, issue 21, pages 13-20, April.
    34. Markose, S. & Giansante, S. & Rais Shaghaghi, A., 2017. "Central clearing: reaping the benefits, controlling the risks," Financial Stability Review, Banque de France, issue 21, pages 111-126, April.
    35. Zwick, Lina, 2015. "International liquidity shocks and domestic loan supply in the euro area," Ruhr Economic Papers 564, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    36. Andrés Alegría & Kevin Cowan & Pablo García, 2017. "Spillovers and Relationships in Cross-Border Banking: The Case of Chile," Working Papers Central Bank of Chile 804, Central Bank of Chile.

  7. Correa, Ricardo & Goldberg, Linda S. & Rice, Tara, 2014. "Liquidity risk and U.S. bank lending at home and abroad," Staff Reports 676, Federal Reserve Bank of New York.

    Cited by:

    1. Buch, Claudia M. & Goldberg, Linda, 2014. "International banking and liquidity risk transmission: Lessons from across countries," Discussion Papers 17/2014, Deutsche Bundesbank.
    2. Edith X. Liu & Jonathan Pogach, 2017. "The Effect of Foreign Lending on Domestic Loans : An Analysis of U.S. Global Banks," International Finance Discussion Papers 1198, Board of Governors of the Federal Reserve System (U.S.).

  8. Linda S. Goldberg & Cédric Tille, 2013. "A Bargaining Theory of Trade Invoicing and Pricing," NBER Working Papers 18985, National Bureau of Economic Research, Inc.

    Cited by:

    1. Barry Eichengreen & Livia Chiu & Arnaud Mehl, 2016. "Network effects, homogeneous goods and international currency choice: New evidence on oil markets from an older era," Canadian Journal of Economics, Canadian Economics Association, vol. 49(1), pages 173-206, February.
    2. Agnès Bénassy-Quéré, 2015. "The euro as an international currency," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01163926, HAL.
    3. Devereux, Michael B. & Dong, Wei & Tomlin, Ben, 2017. "Importers and exporters in exchange rate pass-through and currency invoicing," Journal of International Economics, Elsevier, vol. 105(C), pages 187-204.
    4. Hayakawa, Kazunobu & Kim, HanSung & Yoshimi, Taiyo, 2015. "FTA in international finance : impacts of exchange rates on FTA utilization," IDE Discussion Papers 494, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    5. ITO Takatoshi & KOIBUCHI Satoshi & SATO Kiyotaka & SHIMIZU Junko, 2015. "Choice of Invoice Currency in Global Production and Sales Networks: The case of Japanese overseas subsidiaries," Discussion papers 15080, Research Institute of Economy, Trade and Industry (RIETI).
    6. HAYAKAWA Kazunobu & Han-Sung KIM & YOSHIMI Taiyo, 2017. "Exchange Rate and Utilization of Free Trade Agreements: Focus on rules of origin," Discussion papers 17007, Research Institute of Economy, Trade and Industry (RIETI).
    7. Agnès Bénassy-Quéré, 2015. "The euro as an international currency," Working Papers halshs-01144371, HAL.
    8. Kashiwagi, Masanori, 2017. "A vehicle currency country's welfare under optimal monetary policy," Japan and the World Economy, Elsevier, vol. 42(C), pages 23-31.
    9. Liu, Tao & Lu, Dong & Zhang, Ruifeng, 2017. "Currency choice in international trade: a new monetarist approach and firm-level evidence," MPRA Paper 79149, University Library of Munich, Germany.
    10. Goldberg, Linda S. & Tille, Cédric, 2016. "Micro, macro, and strategic forces in international trade invoicing: Synthesis and novel patterns," Journal of International Economics, Elsevier, vol. 102(C), pages 173-187.
    11. Liu, Tao, 2015. "Trade finance and international currency," MPRA Paper 64362, University Library of Munich, Germany.
    12. Agnès Bénassy-Quéré, 2015. "The euro as an international currency," Post-Print halshs-01163926, HAL.
    13. Daniel Gersten Reiss, 2015. "Invoice Currency: puzzling evidence and new questions from Brazil," Working Papers Series 382, Central Bank of Brazil, Research Department.

  9. Linda S. Goldberg & Christian Grisse, 2013. "Time Variation in Asset Price Responses to Macro Announcements," NBER Working Papers 19523, National Bureau of Economic Research, Inc.

    Cited by:

    1. Tzuo Hann Law & Dongho Song & Amir Yaron, 2017. "Fearing the Fed: How Wall Street Reads Main Street," 2017 Meeting Papers 1632, Society for Economic Dynamics.
    2. Piergiorgio Alessandri & Antonio M. Conti & Fabrizio Venditti, 2016. "The Financial Stability Dark Side of Monetary Policy," BCAM Working Papers 1601, Birkbeck Centre for Applied Macroeconomics.
    3. Linda S. Goldberg, 2013. "Banking Globalization, Transmission, and Monetary Policy Autonomy," NBER Working Papers 19497, National Bureau of Economic Research, Inc.
    4. Chang, Su-Hsin & Contessi, Silvio & Francis, Johanna L., 2014. "Understanding the accumulation of bank and thrift reserves during the U.S. financial crisis," Journal of Economic Dynamics and Control, Elsevier, vol. 43(C), pages 78-106.
    5. Ben Omrane, Walid & Savaşer, Tanseli, 2016. "The sign switch effect of macroeconomic news in foreign exchange markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 45(C), pages 96-114.
    6. Eguren-Martin, Fernando & McLaren, Nick, 2015. "How much do UK market interest rates respond to macroeconomic data news?," Bank of England Quarterly Bulletin, Bank of England, vol. 55(3), pages 259-272.
    7. Nitschka, Thomas, 2018. "Bond market evidence of time variation in exposures to global risk factors and the role of US monetary policy," Journal of International Money and Finance, Elsevier, vol. 83(C), pages 44-54.
    8. Lubos Komarek & Kristyna Ters & Jorg Urban, 2016. "Intraday Dynamics of Euro Area Sovereign Credit Risk Contagion," Working Papers 2016/04, Czech National Bank, Research Department.
    9. Gilbert, Thomas & Scotti, Chiara & Strasser, Georg & Vega, Clara, 2015. "Is the Intrinsic Value of Macroeconomic News Announcements Related to their Asset Price Impact?," Finance and Economics Discussion Series 2015-46, Board of Governors of the Federal Reserve System (U.S.), revised 08 Dec 2016.
    10. Gilbert, Thomas & Scotti, Chiara & Strasser, Georg & Vega, Clara, 2017. "Is the intrinsic value of a macroeconomic news announcement related to its asset price impact?," Journal of Monetary Economics, Elsevier, vol. 92(C), pages 78-95.
    11. Marcello Pericoli & Giovanni Veronese, 2015. "Forecaster heterogeneity, surprises and financial markets," Temi di discussione (Economic working papers) 1020, Bank of Italy, Economic Research and International Relations Area.
    12. Adrian Jäggi & Martin Schlegel & Attilio Zanetti, 2016. "Macroeconomic surprises, market environment and safe-haven currencies," Working Papers 2016-15, Swiss National Bank.
    13. Huang, Xin, 2015. "Macroeconomic News Announcements, Systemic Risk, Financial Market Volatility and Jumps," Finance and Economics Discussion Series 2015-97, Board of Governors of the Federal Reserve System (U.S.).
    14. Kahn, George A. & Taylor, Lisa, 2014. "Evolving market perceptions of Federal Reserve policy objectives," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-2, Mar 31.
    15. Alberto Caruso, 2018. "Macroeconomic News and Market Reaction: Surprise Indexes meet Nowcasting," Working Papers ECARES 2018-06, ULB -- Universite Libre de Bruxelles.
    16. Anthony M. Diercks & William Waller, 2017. "Taxes and the Fed : Theory and Evidence from Equities," Finance and Economics Discussion Series 2017-104, Board of Governors of the Federal Reserve System (U.S.).
    17. Alberto Caruso, 2016. "The Impact of Macroeconomic News on the Euro-Dollar Exchange Rate," Working Papers ECARES ECARES 2016-32, ULB -- Universite Libre de Bruxelles.
    18. Ben Omrane, Walid & Savaşer, Tanseli, 2017. "Exchange rate volatility response to macroeconomic news during the global financial crisis," International Review of Financial Analysis, Elsevier, vol. 52(C), pages 130-143.

  10. Linda S. Goldberg, 2013. "Banking Globalization, Transmission, and Monetary Policy Autonomy," NBER Working Papers 19497, National Bureau of Economic Research, Inc.

    Cited by:

    1. Raphael Anton Auer & Cédric Tille, 2016. "The banking sector and the Swiss financial account during the financial and European debt crises," Working Papers 2016-05, Swiss National Bank.
    2. Buch, Claudia M. & Bussiere, Matthieu & Goldberg, Linda S. & Hills, Robert, 2018. "The international transmission of monetary policy," Staff Reports 845, Federal Reserve Bank of New York.
    3. Stefan Avdjiev & Leonardo Gambacorta & Linda Goldberg & Stefano Schiaffi, 2017. "The shifting drivers of global liquidity," BIS Working Papers 644, Bank for International Settlements.
    4. Maurice Obstfeld & Jonathan David Ostry & Mahvash S Qureshi, 2017. "A Tie That Binds; Revisiting the Trilemma in Emerging Market Economies," IMF Working Papers 17/130, International Monetary Fund.
    5. Cetorelli, Nicola & Goldberg, Linda S., 2016. "Organizational complexity and balance sheet management in global banks," Staff Reports 772, Federal Reserve Bank of New York.
    6. Hélène Rey, 2016. "International Channels of Transmission of Monetary Policy and the Mundellian Trilemma," NBER Working Papers 21852, National Bureau of Economic Research, Inc.
    7. Maurice Obstfeld, 2015. "Trilemmas and trade-offs: living with financial globalisation," BIS Working Papers 480, Bank for International Settlements.
    8. Simon Gilchrist & Vivian Z. Yue & Egon Zakrajsek, 2018. "US Monetary Policy and International Bond Markets," Finance and Economics Discussion Series 2018-014, Board of Governors of the Federal Reserve System (U.S.).
    9. Piti Disyatat & Phurichai Rungcharoenkitkul, 2015. "Monetary Policy and Financial Spillovers: Losing Traction?," PIER Discussion Papers 9., Puey Ungphakorn Institute for Economic Research, revised Nov 2015.
    10. Georgiadis, Georgios & Mehl, Arnaud, 2016. "Financial globalisation and monetary policy effectiveness," Journal of International Economics, Elsevier, vol. 103(C), pages 200-212.
    11. Philip Lane, 2013. "International Capital Flows and Domestic Financial Conditions: Lessons for Emerging Asia," The Institute for International Integration Studies Discussion Paper Series iiisdp438, IIIS.
    12. Georgiadis, Georgios & Mehl, Arnaud, 2015. "Trilemma, not dilemma: financial globalisation and Monetary policy effectiveness," Globalization and Monetary Policy Institute Working Paper 222, Federal Reserve Bank of Dallas.

  11. Nicola Cetorelli & Linda S. Goldberg, 2012. "Follow the money: quantifying domestic effects of foreign bank shocks in the Great Recession," Staff Reports 545, Federal Reserve Bank of New York.

    Cited by:

    1. Cetorelli, Nicola & Goldberg, Linda S., 2012. "Liquidity management of U.S. global banks: Internal capital markets in the great recession," Journal of International Economics, Elsevier, vol. 88(2), pages 299-311.
    2. Claudia Buch & Catherine Koch & Michael Koetter, 2016. "Crises and rescues: liquidity transmission through international banks," BIS Working Papers 576, Bank for International Settlements.
    3. Daisuke Miyakawa & Kaoru Hosono & Taisuke Uchino & Arito Ono & Hirofumi Uchida & Ichiro Uesugi, 2015. "Financial Shocks and Firm Exports: A Natural Experiment Approach with a Massive Earthquake," Mo.Fi.R. Working Papers 111, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    4. Kauko, Karlo & Punzi, Maria Teresa, 2015. "Testing the global banking glut hypothesis," FinMaP-Working Papers 41, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    5. Ricardo Correa & Linda S. Goldberg & Tara Rice, 2014. "Liquidity Risk and U.S. Bank Lending at Home and Abroad," NBER Working Papers 20285, National Bureau of Economic Research, Inc.
    6. Bang Nam Jeon & Hosung Lim & Ji Wu, 2014. "The Impact of Foreign Banks on Monetary Policy Transmission during the Global Financial Crisis of 2008-2009: Evidence from Korea," Working Papers 2014-8, Economic Research Institute, Bank of Korea.
    7. Hosono, Kaoru & Miyakawa, Daisuke & Uchino, Taisuke & Hazama, Makoto & Ono, Arito & Uchida, Hirofumi & Uesugi, Iichiro, 2012. "Natural Disasters, Damage to Banks, and Firm Investment," Working Paper Series 18, Center for Interfirm Network, Institute of Economic Research, Hitotsubashi University.
    8. Kelvin Ho & Eric Wong & Edward Tan, 2017. "International Banking and Cross-Border Effects of Regulation: Lessons from Hong Kong," International Journal of Central Banking, International Journal of Central Banking, vol. 13(2), pages 195-221, March.
    9. Stijn Claessens, 2017. "Global Banking: Recent Developments and Insights from Research," Review of Finance, European Finance Association, vol. 21(4), pages 1513-1555.
    10. Linda S. Goldberg, 2013. "Banking Globalization, Transmission, and Monetary Policy Autonomy," NBER Working Papers 19497, National Bureau of Economic Research, Inc.
    11. Vladyslav Sushko & Claudio Borio & Robert Neil McCauley & Patrick McGuire, 2016. "The failure of covered interest parity: FX hedging demand and costly balance sheets," BIS Working Papers 590, Bank for International Settlements.
    12. Tho Pham & Oleksandr Talavera & Andriy Tsapin, 2018. "Shock Contagion, Asset Quality and Lending Behavior," Working Papers 01/2018, National Bank of Ukraine, Monetary Policy and Economic Analysis Department.
    13. Buch, Claudia M. & Goldberg, Linda, 2014. "International banking and liquidity risk transmission: Lessons from across countries," Discussion Papers 17/2014, Deutsche Bundesbank.
    14. Gianni La Cava, 2013. "Liquidity Shocks and the US Housing Credit Crisis of 2007–2008," RBA Research Discussion Papers rdp2013-05, Reserve Bank of Australia.
    15. Accominotti, Olivier, 2016. "International banking and transmission of the 1931 financial crisis," Economic History Working Papers 84581, London School of Economics and Political Science, Department of Economic History.
    16. Jonathon Adams-Kane & Julián Caballero & Jamus Lim, 2014. "Foreign Bank Behavior during Financial Crises," IDB Publications (Working Papers) 6568, Inter-American Development Bank.
    17. Derek Anderson & Benjamin L Hunt & Stephen Snudden, 2013. "Fiscal Consolidation in the Euro Area; How Much Can Structural Reforms Ease the Pain?," IMF Working Papers 13/211, International Monetary Fund.
    18. Tamim Bayoumi & Giovanni Dell'Ariccia & Karl F Habermeier & Tommaso Mancini Griffoli & Fabian Valencia, 2014. "Monetary Policy in the New Normal," IMF Staff Discussion Notes 14/3, International Monetary Fund.
    19. Faia, Ester & Weder, Beatrice, 2016. "Cross-Border Resolution of Global Banks: Bail in under Single Point of Entry versus Multiple Points of Entry," CEPR Discussion Papers 11171, C.E.P.R. Discussion Papers.
    20. William Goulding & Daniel E. Nolle, 2012. "Foreign banks in the U.S.: a primer," International Finance Discussion Papers 1064, Board of Governors of the Federal Reserve System (U.S.).
    21. Ghosh, Amit, 2017. "How does banking sector globalization affect economic growth?," International Review of Economics & Finance, Elsevier, vol. 48(C), pages 83-97.
    22. Cetorelli, Nicola & Goldberg, Linda S., 2016. "Organizational complexity and balance sheet management in global banks," Staff Reports 772, Federal Reserve Bank of New York.
    23. Yan, Cheng & Phylaktis, Kate & Fuertes, Ana-Maria, 2016. "On cross-border bank credit and the U.S. financial crisis transmission to equity markets," Journal of International Money and Finance, Elsevier, vol. 69(C), pages 108-134.
    24. John Beirne & Christian Friedrich, 2014. "Capital Flows and Macroprudential Policies - A Multilateral Assessment of Effectiveness and Externalities," Staff Working Papers 14-31, Bank of Canada.
    25. Dungey, Mardi & Jacobs, Jan P.A.M. & Lestano,, 2015. "The internationalisation of financial crises: Banking and currency crises 1883–2008," The North American Journal of Economics and Finance, Elsevier, vol. 32(C), pages 29-47.
    26. Tho Pham & Oleksandr Talavera & Andriy Tsapin, 2018. "Shock propaganda, asset quality and lending behaviour," Working Papers 2018-04, Swansea University, School of Management.
    27. Bouvatier, Vincent & Delatte, Anne-Laure, 2014. "International Banking: the Isolation of the Euro Area," CEPR Discussion Papers 10264, C.E.P.R. Discussion Papers.
    28. Inessa Love & Roberto Rocha & Erik Feyen & Samuel Munzele Maimbo & Raquel Letelier, 2014. "Who is to Blame: Foreign Ownership or Foreign Funding?," Working Papers 201423, University of Hawaii at Manoa, Department of Economics.
    29. Ghosh, Amit, 2016. "How does banking sector globalization affect banking crisis?," Journal of Financial Stability, Elsevier, vol. 25(C), pages 70-82.
    30. M. Ali Choudhary & Anil K. Jain, 2017. "Finance and Inequality : The Distributional Impacts of Bank Credit Rationing," International Finance Discussion Papers 1211, Board of Governors of the Federal Reserve System (U.S.).
    31. Tomas Adam & Sona Benecka & Ivo Jansky, 2012. "Time-Varying Betas of Banking Sectors," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 62(6), pages 485-504, December.
    32. Erik Feyen, 2016. "Financial Crisis Transmission: Foreign Ownership vs. Foreign Funding?," Review of Economics & Finance, Better Advances Press, Canada, vol. 6, pages 63-80, November.
    33. Jeon, Bang Nam & Wu, Ji, 2014. "The role of foreign banks in monetary policy transmission: Evidence from Asia during the crisis of 2008–9," Pacific-Basin Finance Journal, Elsevier, vol. 29(C), pages 96-120.
    34. Pelletier, Adeline, 2018. "Internal capital market practices of multinational banks evidence from south africa," Journal of Banking & Finance, Elsevier, vol. 90(C), pages 131-145.
    35. Bussière, M. & Camara, B. & Castellani, F.-D. & Potier, V. & Schmidt, J., 2014. "Shock Transmission through International Banks – Evidence from France," Working papers 485, Banque de France.
    36. Fuertes, Ana-Maria & Phylaktis, Kate & Yan, Cheng, 2016. "Hot money in bank credit flows to emerging markets during the banking globalization era," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 29-52.
    37. Tao Sun, 2015. "The Impact of Global Liquidity on Financial Landscapes and Risks in the ASEAN-5 Countries," IMF Working Papers 15/211, International Monetary Fund.
    38. Kaoru Hosono & Miho Takizawa & Kotaro Tsuru, 2016. "International Transmission of the 2007–2009 Financial Crisis: Evidence from Japan," The Japanese Economic Review, Japanese Economic Association, vol. 67(3), pages 295-328, September.
    39. Koch, Cathérine Tahmee, 2014. "Risky adjustments or adjustments to risks: Decomposing bank leverage," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 242-254.

  12. Linda S. Goldberg, 2011. "The international role of the dollar: Does it matter if this changes?," Staff Reports 522, Federal Reserve Bank of New York.

    Cited by:

    1. Kang, Wensheng & Ratti, Ronald. A. & Vespignani, Joaquin, 2016. "The implications of liquidity expansion in China for the US dollar," Working Papers 2016-02, University of Tasmania, Tasmanian School of Business and Economics.
    2. Agnès Bénassy-Quéré, 2015. "The euro as an international currency," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01163926, HAL.
    3. Ryan Chahrour & Rosen Valchev, 2017. "International Medium of Exchange: Privilege and Duty," Boston College Working Papers in Economics 934, Boston College Department of Economics.
    4. Agnès Bénassy-Quéré, 2015. "The euro as an international currency," Working Papers halshs-01144371, HAL.
    5. Kang, Wensheng & Ratti, Ronald A. & Vespignani, Joaquin L., 2016. "The implications of monetary expansion in China for the US dollar," Journal of Asian Economics, Elsevier, vol. 46(C), pages 71-84.
    6. Agnès Bénassy-Quéré, 2015. "The euro as an international currency," Post-Print halshs-01163926, HAL.
    7. Zhang, Cathy, 2013. "An Information-Based Theory of International Currency," MPRA Paper 42114, University Library of Munich, Germany.

  13. Nicola Cetorelli & Linda S. Goldberg, 2011. "Liquidity management of U.S. global banks: Internal capital markets in the great recession," NBER Working Papers 17355, National Bureau of Economic Research, Inc.

    Cited by:

    1. Aiyar, Shekhar & Calomiris, Charles W. & Hooley, John & Korniyenko, Yevgeniya & Wieladek, Tomasz, 2014. "The international transmission of bank capital requirements: Evidence from the UK," Journal of Financial Economics, Elsevier, vol. 113(3), pages 368-382.
    2. Radev, Deyan & Gropp, Reint, 2014. "The Internal Organization of Banks and the Transmission of Lending Shocks Across Borders," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100349, Verein für Socialpolitik / German Economic Association.
    3. Allen, Franklin & Hryckiewicz, Aneta & Kowalewski, Oskar & Tümer-Alkan, Günseli, 2014. "Transmission of financial shocks in loan and deposit markets: Role of interbank borrowing and market monitoring," Journal of Financial Stability, Elsevier, vol. 15(C), pages 112-126.
    4. Kauko, Karlo & Punzi, Maria Teresa, 2015. "Testing the global banking glut hypothesis," FinMaP-Working Papers 41, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    5. Davis, J. Scott, 2015. "The cyclicality of (bilateral) capital inflows and outflows," Globalization and Monetary Policy Institute Working Paper 247, Federal Reserve Bank of Dallas.
    6. Asli Demirguc-Kunt & Balint Horvath & Harry Huizinga, 2017. "Foreign Banks and International Transmission of Monetary Policy: Evidence from the Syndicated Loan Market," Bristol Accounting and Finance Discussion Papers 17/6, School of Economics, Finance, and Management, University of Bristol, UK.
    7. Baskaya, Yusuf Soner & di Giovanni, Julian & Kalemli-Ozcan, Sebnem & Peydr�, Jos� Luis & Ulu, Mehmet Fatih, 2017. "Capital Flows and the International Credit Channel," CEPR Discussion Papers 11827, C.E.P.R. Discussion Papers.
    8. Ricardo Correa & Linda S. Goldberg & Tara Rice, 2014. "Liquidity Risk and U.S. Bank Lending at Home and Abroad," NBER Working Papers 20285, National Bureau of Economic Research, Inc.
    9. D'Avino, Carmela, 2014. "US Banks’ International Balance Sheet Linkages: A Data Survey," MPRA Paper 69422, University Library of Munich, Germany.
    10. Friederike Niepmann, 2012. "Banking across borders," Staff Reports 576, Federal Reserve Bank of New York.
    11. Temesvary, Judit & Ongena, Steven & Owen, Ann L., 2018. "A global lending channel unplugged? Does U.S. monetary policy affect cross-border and affiliate lending by global U.S. banks?," Journal of International Economics, Elsevier, vol. 112(C), pages 50-69.
    12. Noeth, Bryan J. & Sengupta, Rajdeep, 2012. "Global European banks and the financial crisis," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 457-480.
    13. Van Rijckeghem, Caroline & Weder di Mauro, Beatrice, 2014. "Deglobalization of Banking: The World is Getting Smaller," CEPR Discussion Papers 10139, C.E.P.R. Discussion Papers.
    14. Stijn Claessens, 2017. "Global Banking: Recent Developments and Insights from Research," Review of Finance, European Finance Association, vol. 21(4), pages 1513-1555.
    15. Jeon, Bang & Wu, Ji & Chen, Minghua & Wang, Rui, 2016. "Do foreign banks take more risk? Evidence from emerging economies," School of Economics Working Paper Series 2016-4, LeBow College of Business, Drexel University.
    16. Linda S. Goldberg, 2013. "Banking Globalization, Transmission, and Monetary Policy Autonomy," NBER Working Papers 19497, National Bureau of Economic Research, Inc.
    17. Forbes, Kristin & Reinhardt, Dennis & Wieladek, Tomasz, 2016. "The spillovers, interactions, and (un)intended consequences of monetary and regulatory policies," Discussion Papers 44, Monetary Policy Committee Unit, Bank of England.
    18. Yusuf Soner Baskaya & Julian di Giovanni & Sebnem Kalemli-Ozcan & Jose-Luis Peydro & Mehmet Fatih Ulu, 2016. "Capital flows, credit cycles and macroprudential policy," BIS Papers chapters,in: Bank for International Settlements (ed.), Macroprudential policy, volume 86, pages 63-68 Bank for International Settlements.
    19. Franklin Allen & Krzysztof Jackowicz & Oskar Kowalewski & Łukasz Kozłowski, 2017. "Bank lending, crises, and changing ownership structure in Central and Eastern European countries," Post-Print hal-01744576, HAL.
    20. Tammuz Alraheb & Amine Tarazi, 2017. "Local Versus International Crises, Foreign Subsidiaries and Bank Stability: Evidence from the MENA Region," Post-Print hal-01558246, HAL.
    21. Faia, Ester & Ottaviano, Gianmarco I. P., 2017. "Global banking: Risk taking and competition," LSE Research Online Documents on Economics 83601, London School of Economics and Political Science, LSE Library.
    22. Lillo, Felipe & Valdés, Rodrigo, 2016. "Dynamics of financial markets and transaction costs: A graph-based study," Research in International Business and Finance, Elsevier, vol. 38(C), pages 455-465.
    23. Meller, Barbara & Metiu, Norbert, 2015. "The synchronization of European credit cycles," Discussion Papers 20/2015, Deutsche Bundesbank.
    24. Hoggarth, Glenn & Hooley, John & Korniyenko, Yevgeniya, 2013. "Financial Stability Paper No 22: Which way do foreign branches sway? Evidence from the recent UK domestic credit cycle," Bank of England Financial Stability Papers 22, Bank of England.
    25. Hilberg, Björn & Grill, Michael & Metiu, Norbert, 2016. "Credit constraints and the international propagation of US financial shocks," Working Paper Series 1954, European Central Bank.
    26. Jeon, Bang & Olivero, María & Wu, Ji, 2012. "Multinational Banking and the International Transmission of Financial Shocks: Evidence from Foreign Bank Subsidiaries," School of Economics Working Paper Series 2012-2, LeBow College of Business, Drexel University.
    27. Nicola Cetorelli & Linda S. Goldberg, 2012. "Follow the Money: Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession," American Economic Review, American Economic Association, vol. 102(3), pages 213-218, May.
    28. Gustavo Adler & Eugenio M Cerutti, 2015. "Are Foreign Banks a 'Safe Haven'? Evidence from Past Banking Crises," IMF Working Papers 15/43, International Monetary Fund.
    29. Rainer Frey, 2013. "Auslandsforderungen deutscher Bankkonzerne in der Finanzkrise: ein vielschichtiger Bilanzabbau in zwei Phasen," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 82(2), pages 157-170.
    30. Yildirim, Canan & Efthyvoulou, Georgios, 2018. "Bank value and geographic diversification: regional vs global," Journal of Financial Stability, Elsevier, vol. 36(C), pages 225-245.
    31. Buch, Claudia M. & Goldberg, Linda, 2014. "International banking and liquidity risk transmission: Lessons from across countries," Discussion Papers 17/2014, Deutsche Bundesbank.
    32. Stefan Avdjiev & Leonardo Gambacorta & Linda Goldberg & Stefano Schiaffi, 2017. "The shifting drivers of global liquidity," BIS Working Papers 644, Bank for International Settlements.
    33. Victoria Ivashina & David Scharfstein & Jeremy C. Stein, 2012. "Dollar funding and the lending behavior of global banks," Finance and Economics Discussion Series 2012-74, Board of Governors of the Federal Reserve System (U.S.).
    34. Jonathon Adams-Kane & Julián Caballero & Jamus Lim, 2014. "Foreign Bank Behavior during Financial Crises," IDB Publications (Working Papers) 6568, Inter-American Development Bank.
    35. Leonardo Gambacorta & Adrian Van Rixtel, 2013. "Structural bank regulation initiatives: approaches and implications," BIS Working Papers 412, Bank for International Settlements.
    36. Anginer, Deniz & Cerutti, Eugenio & Martínez Pería, María Soledad, 2017. "Foreign bank subsidiaries' default risk during the global crisis: What factors help insulate affiliates from their parents?," Journal of Financial Intermediation, Elsevier, vol. 29(C), pages 19-31.
    37. Tonzer, Lena & Buch, Claudia M. & Buchholz, Manuel, 2015. "Uncertainty and International Banking," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113072, Verein für Socialpolitik / German Economic Association.
    38. Acharya, Viral V & Afonso, Gara & Kovner, Anna, 2013. "How do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007," CEPR Discussion Papers 9457, C.E.P.R. Discussion Papers.
    39. Marianna Caccavaio & Luisa Carpinelli & Giuseppe Marinelli & Enrico Sette, "undated". "Shock transmission through international banks: the Italian case," Questioni di Economia e Finanza (Occasional Papers) 232, Bank of Italy, Economic Research and International Relations Area.
    40. Meller, Barbara & Metiu, Norbert, 2017. "The synchronization of credit cycles," Journal of Banking & Finance, Elsevier, vol. 82(C), pages 98-111.
    41. Cerutti, Eugenio & Schmieder, Christian, 2014. "Ring fencing and consolidated banks’ stress tests," Journal of Financial Stability, Elsevier, vol. 11(C), pages 1-12.
    42. Michael Brei & Goetz Von Peter, 2018. "The Distance Effect in Banking and Trade," Post-Print hal-01616316, HAL.
    43. Franziska Ohnsorge & Shu Yu, 2017. "Recent Credit Surge in Historical Context," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-22, February.
    44. Gropp, Reint & Radev, Deyan, 2017. "Social centralization, bank integration and the transmission of lending shocks," SAFE Working Paper Series 174, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    45. Qingqing Cao & Raoul Minetti & Maria Pia Olivero, 2018. "No Pain, No Gain. Multinational Banks in the Business Cycle," CERBE Working Papers wpC27, CERBE Center for Relationship Banking and Economics.
    46. Bertay, A.C., 2014. "The Transmission of Real Estate Shocks Through Multinational Banks," Discussion Paper 2014-011, Tilburg University, Center for Economic Research.
    47. Cetorelli, Nicola & Goldberg, Linda S., 2016. "Organizational complexity and balance sheet management in global banks," Staff Reports 772, Federal Reserve Bank of New York.
    48. Galina Hale & Tümer Kapan & Camelia Minoiu, 2016. "Crisis Transmission in the Global Banking Network," IMF Working Papers 16/91, International Monetary Fund.
    49. Claudia Curi & Maurizio Murgia, 2017. "Divestitures and the financial conglomerate excess value," BEMPS - Bozen Economics & Management Paper Series BEMPS43, Faculty of Economics and Management at the Free University of Bozen.
    50. Jeon, Bang Nam & Wu, Ji, 2014. "Global banks and internal capital markets: Evidence from bank-level panel data in emerging economies," Journal of Multinational Financial Management, Elsevier, vol. 28(C), pages 79-94.
    51. Eugen Tereanu & Johanna L. Francis & Dilek Aykut, 2010. "The Cost of Private Debt Over the Credit Cycle," IMF Working Papers 10/283, International Monetary Fund.
    52. Edith X. Liu & Jonathan Pogach, 2017. "The Effect of Foreign Lending on Domestic Loans : An Analysis of U.S. Global Banks," International Finance Discussion Papers 1198, Board of Governors of the Federal Reserve System (U.S.).
    53. Yan, Cheng & Phylaktis, Kate & Fuertes, Ana-Maria, 2016. "On cross-border bank credit and the U.S. financial crisis transmission to equity markets," Journal of International Money and Finance, Elsevier, vol. 69(C), pages 108-134.
    54. James Chapman & H. Evren Damar, 2015. "Shock Transmission Through International Banks: Canada," Technical Reports 105, Bank of Canada.
    55. Caroline Van Rijckeghem & Beatrice Weder di Mauro, 2013. "Financial Deglobalization: Is The World Getting Smaller?," Working Papers 2013/14, Bogazici University, Department of Economics.
    56. Hans Degryse & Kent Matthews & Tianshu Zhao, 2015. " SMEs and access to bank credit: Evidence on the regional propagation of the financial crisis in the UK," Working Papers Department of Accounting, Finance and Insurance (AFI) 502954, KU Leuven, Faculty of Economics and Business, Department of Accounting, Finance and Insurance (AFI).
    57. Carmela D'Avino, 2016. "Foreign Branches of US Global Banks: Geography, Balance Sheet Structure and Contagion," FIW Working Paper series 172, FIW.
    58. Yorulmazer, Tanju, 2014. "Literature review on the stability of funding models," Economic Policy Review, Federal Reserve Bank of New York, issue Feb, pages 3-16.
    59. Gropp, Reint & Radev, Deyan, 2017. "International banking conglomerates and the transmission of lending shocks across borders," SAFE Working Paper Series 175, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    60. Matthieu Bussière & Julia Schmidt & Frédéric Vinas, 2017. "International Banking and Cross-Border Effects of Regulation: Lessons from France," International Journal of Central Banking, International Journal of Central Banking, vol. 13(2), pages 163-193, March.
    61. Carlos A. Ibarra, 2014. "Trade, investment, and capital flows:Mexico's macroeconomic adjustment to the Great Recession," Working Paper Series Sobre México 2014002, Sobre México. Temas en economía.
    62. Becker, Christian & Ossandon Busch, Matias & Tonzer, Lena, 2017. "Macroprudential policy and intra-group dynamics: The effects of reserve requirements in Brazil," IWH Discussion Papers 21/2017, Halle Institute for Economic Research (IWH).
    63. Jin Cao & Valeriya Dinger, 2018. "Financial Globalization and Bank Lending: The Limits of Domestic Monetary Policy?," CESifo Working Paper Series 6900, CESifo Group Munich.
    64. Spiros Bougheas & Hosung Lim & Simona Mateut & Paul Mizen & Cihan Yalcin, "undated". "Lessons from the Asian Crisis: An Open Economy Credit Channel Model where Export Status Matters," Discussion Papers 12/16, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    65. Graziella Morandi & Giulio Nicoletti, 2017. "Using microdata from monetary statistics to understand intra-group transactions and their implication in financial stability issues," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Data needs and Statistics compilation for macroprudential analysis, volume 46 Bank for International Settlements.
    66. Lee, Eun-Joo, 2017. "Intra- and inter-regional portfolio diversification strategies under regional market integration: Evidence from U.S. global banks," International Review of Financial Analysis, Elsevier, vol. 54(C), pages 1-22.
    67. Allen, Franklin & Jackowicz, Krzysztof & Kowalewski, Oskar, 2013. "The effects of foreign and government ownership on bank lending behavior during a crisis in Central and Eastern Europe," MPRA Paper 48059, University Library of Munich, Germany.
    68. Vincent Bouvatier & Michael Brei & Xi Yang, 2014. "Bank Failures and the Source of Strength Doctrine," EconomiX Working Papers 2014-15, University of Paris Nanterre, EconomiX.
    69. Milcheva, Stanimira & Zhu, Bing, 2016. "Bank integration and co-movements across housing markets," Journal of Banking & Finance, Elsevier, vol. 72(S), pages 148-171.
    70. Kristin Forbes, 2012. "The "Big C": Identifying Contagion," NBER Working Papers 18465, National Bureau of Economic Research, Inc.
    71. Adams-Kane, Jonathon & Jia, Yueqing & Lim, Jamus Jerome, 2015. "Global transmission channels for international bank lending in the 2007–09 financial crisist," Journal of International Money and Finance, Elsevier, vol. 56(C), pages 97-113.
    72. Morais Bernardo & Peydró José-Luis & Roldán-Peña Jessica & Ruiz Claudia, 2017. "The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects," Working Papers 2017-15, Banco de México.
    73. Pelletier, Adeline, 2018. "Performance of foreign banks in developing countries: Evidence from sub-Saharan African banking markets," Journal of Banking & Finance, Elsevier, vol. 88(C), pages 292-311.
    74. Jeon, Bang Nam & Wu, Ji, 2014. "The role of foreign banks in monetary policy transmission: Evidence from Asia during the crisis of 2008–9," Pacific-Basin Finance Journal, Elsevier, vol. 29(C), pages 96-120.
    75. Toyoichiro Shirota, 2013. "What is the Major Determinant of Credit Flows through Cross-Border Banking?," Bank of Japan Working Paper Series 13-E-5, Bank of Japan.
    76. Shirota, Toyoichiro, 2015. "What is the major determinant of cross-border banking flows?," Journal of International Money and Finance, Elsevier, vol. 53(C), pages 137-147.
    77. Pelletier, Adeline, 2018. "Internal capital market practices of multinational banks evidence from south africa," Journal of Banking & Finance, Elsevier, vol. 90(C), pages 131-145.
    78. Bussière, M. & Camara, B. & Castellani, F.-D. & Potier, V. & Schmidt, J., 2014. "Shock Transmission through International Banks – Evidence from France," Working papers 485, Banque de France.
    79. Franziska Bremus & Marcel Fratzscher, 2014. "Drivers of Structural Change in Cross-Border Banking since the Global Financial Crisis," Discussion Papers of DIW Berlin 1411, DIW Berlin, German Institute for Economic Research.
    80. Metiu, Norbert & Hilberg, Björn & Grill, Michael, 2015. "Financial frictions and global spillovers," Discussion Papers 04/2015, Deutsche Bundesbank.
    81. De Haas, Ralph & Korniyenko, Yevgeniya & Pivovarsky, Alexander & Tsankova, Teodora, 2015. "Taming the herd? Foreign banks, the Vienna Initiative and crisis transmission," Journal of Financial Intermediation, Elsevier, vol. 24(3), pages 325-355.
    82. Galema, R. & Koetter, M., 2018. "Big fish in small banking ponds? Cost advantage and foreign affiliate presence," Journal of International Money and Finance, Elsevier, vol. 81(C), pages 138-158.
    83. Chouchène, Mabrouk & Ftiti, Zied & Khiari, Wided, 2017. "Bank-to-bank lending channel and the transmission of bank liquidity shocks: Evidence from France," Research in International Business and Finance, Elsevier, vol. 39(PB), pages 940-950.
    84. Popov, Alexander & Udell, Gregory F., 2012. "Cross-border banking, credit access, and the financial crisis," Journal of International Economics, Elsevier, vol. 87(1), pages 147-161.
    85. Stefan Avdjiev & Agnė Subelytė & Előd Takáts, 2016. "The ECB's QE and euro cross-border bank lending," BIS Quarterly Review, Bank for International Settlements, September.
    86. Koffie Nassar & Edder Martinez & Anabel Pineda, 2017. "Determinants of Banks’ Net Interest Margins in Honduras," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 1(7), pages 5-27, May.
    87. Düwel, Cornelia, 2013. "Repo funding and internal capital markets in the financial crisis," Discussion Papers 16/2013, Deutsche Bundesbank.
    88. Andrés Alegría & Kevin Cowan & Pablo García, 2017. "Spillovers and Relationships in Cross-Border Banking: The Case of Chile," Working Papers Central Bank of Chile 804, Central Bank of Chile.

  14. Linda S. Goldberg & Craig Kennedy & Jason Miu, 2010. "Central bank dollar swap lines and overseas dollar funding costs," Staff Reports 429, Federal Reserve Bank of New York.

    Cited by:

    1. Obstfeld, Maurice, 2012. "Does the Current Account Still Matter?," CEPR Discussion Papers 8888, C.E.P.R. Discussion Papers.
    2. Stephen F. Quinn & William Roberds, 2012. "Responding to a shadow banking crisis: the lessons of 1763," FRB Atlanta Working Paper 2012-08, Federal Reserve Bank of Atlanta.
    3. Cetorelli, Nicola & Goldberg, Linda S., 2012. "Liquidity management of U.S. global banks: Internal capital markets in the great recession," Journal of International Economics, Elsevier, vol. 88(2), pages 299-311.
    4. Claudia Buch & Catherine Koch & Michael Koetter, 2016. "Crises and rescues: liquidity transmission through international banks," BIS Working Papers 576, Bank for International Settlements.
    5. Frederic S. Mishkin, 2010. "Over The Cliff: From the Subprime to the Global Financial Crisis," NBER Working Papers 16609, National Bureau of Economic Research, Inc.
    6. Alin Marius Andries & Andreas M. Fischer & Pinar Yesin, 2015. "The impact of international swap lines on stock returns of banks in emerging markets," Working Papers 2015-07, Swiss National Bank.
    7. Shin-ichi Fukuda & Mariko Tanaka, 2016. "Monetary Policy and Covered Interest Parity in the Post GFC Period: Evidence from Australian Dollar and the NZ Dollar," CARF F-Series CARF-F-401, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    8. Scott Brave & Hesna Genay, 2011. "Federal Reserve policies and financial market conditions during the crisis," Working Paper Series WP-2011-04, Federal Reserve Bank of Chicago.
    9. Antonio De Socio, 2011. "The interbank market after the financial turmoil: squeezing liquidity in a "lemons market" or asking liquidity "on tap"," Temi di discussione (Economic working papers) 819, Bank of Italy, Economic Research and International Relations Area.
    10. Cedric TILLE, 2011. "Sailing through this Storm? Capital Flows in Asia during the Crisis," Working Papers 202011, Hong Kong Institute for Monetary Research.
    11. Hiroshi Fujiki, 2013. "Policy Measures to Alleviate Foreign Currency Liquidity Shortages under Aggregate Risk with Moral Hazard," The Japanese Economic Review, Japanese Economic Association, vol. 64(4), pages 504-536, December.
    12. Shin-ichi Fukuda, 2016. "Regional Liquidity Risk and Covered Interest Parity during the Global Financial Crisis: Evidence from Tokyo, London, and New York ," CIRJE F-Series CIRJE-F-1017, CIRJE, Faculty of Economics, University of Tokyo.
    13. Yoshiko Suzuki, 2017. "Return of the Japan premium in the abenomics period," Economics Bulletin, AccessEcon, vol. 37(2), pages 1401-1414.
    14. Gian‐Maria Milesi‐Ferretti & Cédric Tille, 2011. "The great retrenchment: international capital flows during the global financial crisis," Economic Policy, CEPR;CES;MSH, vol. 26(66), pages 285-342, April.
    15. Moazzam Farooq & Sajjad Zaheer, 2015. "Are Islamic Banks More Resilient During Financial Panics?," Pacific Economic Review, Wiley Blackwell, vol. 20(1), pages 101-124, February.
    16. Maurice Obstfeld, 2010. "Expanding gross asset positions and the international monetary system," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 463-478.
    17. Shin-ichi Fukuda, 2010. "Market-specific and Currency-specific Risk during the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London," CIRJE F-Series CIRJE-F-759, CIRJE, Faculty of Economics, University of Tokyo.
    18. Edd Denbee & Carsten Jung & Francesco Paternò, 2016. "Stitching together the global financial safety net," Questioni di Economia e Finanza (Occasional Papers) 322, Bank of Italy, Economic Research and International Relations Area.
    19. Pierluigi Morelli & Giovanni Pittaluga & Elena Seghezza, 2015. "The role of the Federal Reserve as an international lender of last resort during the 2007–2008 financial crisis," International Economics and Economic Policy, Springer, vol. 12(1), pages 93-106, March.
    20. Lukasz Goczek, 2011. "Federal Policy Responses To The 2007-2009 Credit Crunch In The Us," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 6(3), pages 27-42, September.
    21. Nicola Cetorelli & Linda S. Goldberg, 2010. "Global banks and international shock transmission: evidence from the crisis," Staff Reports 446, Federal Reserve Bank of New York.
    22. Michael D. Bordo & Owen F. Humpage & Anna J. Schwartz, 2014. "The Evolution of the Federal Reserve Swap Lines since 1962," NBER Working Papers 20755, National Bureau of Economic Research, Inc.
    23. Garreth Rule, 2015. "Understanding the central bank balance sheet," Handbooks, Centre for Central Banking Studies, Bank of England, edition 1, number 32, March.
    24. Andrew K. Rose & Mark M. Spiegel, 2011. "Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis," NBER Working Papers 17359, National Bureau of Economic Research, Inc.
    25. Ramon Moreno, 2011. "The global crisis and financial intermediation in emerging market economies: an overview," BIS Papers chapters,in: Bank for International Settlements (ed.), The global crisis and financial intermediation in emerging market economies, volume 54, pages 1-10 Bank for International Settlements.
    26. D. Essers & E. Vincent, 2017. "The global financial safety net :In need of repair ?," Economic Review, National Bank of Belgium, issue ii, pages 87-112, september.
    27. Kapan, Tümer & Minoiu, Camelia, 2013. "Balance sheet strength and bank lending during the global financial crisis," Discussion Papers 33/2013, Deutsche Bundesbank.
    28. Kathryn M. E. Dominguez & Yuko Hashimoto & Takatoshi Ito, 2011. "International Reserves and the Global Financial Crisis," NBER Chapters,in: Global Financial Crisis National Bureau of Economic Research, Inc.
    29. Ito, Takatoshi, 2017. "A new financial order in Asia: Will a RMB bloc emerge?," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 232-257.
    30. Maurice Obstfeld, 2013. "Crises and the International System," International Economic Journal, Taylor & Francis Journals, vol. 27(2), pages 143-155, June.
    31. International Monetary Fund, 2017. "Sweden; Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight Framework and Management," IMF Staff Country Reports 13/311, International Monetary Fund.
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    33. Hetzel, Robert L., 2016. "What Caused the Great Recession in the Eurozone?," Working Paper 16-10, Federal Reserve Bank of Richmond.
    34. Fukuda, Shin-ichi & Tanaka, Mariko, 2017. "Monetary policy and covered interest parity in the post GFC period: Evidence from the Australian dollar and the NZ dollar," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 301-317.
    35. Andrieș, Alin Marius & Fischer, Andreas M. & Yeșin, Pınar, 2017. "Reprint of: The asymmetric effect of international swap lines on banks in emerging markets," Journal of Banking & Finance, Elsevier, vol. 83(C), pages 153-172.
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    Cited by:

    1. Nitschka, Thomas, 2011. "Banking sectors' international interconnectedness: Implications for consumption risk sharing in Europe," Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48684, Verein für Socialpolitik / German Economic Association.
    2. Gräb, Johannes & Żochowski, Dawid, 2017. "The international bank lending channel of unconventional monetary policy," Working Paper Series 2109, European Central Bank.
    3. Aiyar, Shekhar & Calomiris, Charles W. & Hooley, John & Korniyenko, Yevgeniya & Wieladek, Tomasz, 2014. "The international transmission of bank capital requirements: Evidence from the UK," Journal of Financial Economics, Elsevier, vol. 113(3), pages 368-382.
    4. Cetorelli, Nicola & Goldberg, Linda S., 2012. "Liquidity management of U.S. global banks: Internal capital markets in the great recession," Journal of International Economics, Elsevier, vol. 88(2), pages 299-311.
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    6. Seung-Gwan Baek & Chi-Young Song, 2016. "On the Determinants of Surges and Stops in Foreign Loans: An Empirical Investigation," Open Economies Review, Springer, vol. 27(3), pages 405-445, July.
    7. Eugenio Cerutti & Stijn Claessens & Patrick McGuire, 2012. "Systemic Risks in Global Banking: What Available Data can tell us and What More Data are Needed?," NBER Working Papers 18531, National Bureau of Economic Research, Inc.
    8. Claudia Buch & Catherine Koch & Michael Koetter, 2016. "Crises and rescues: liquidity transmission through international banks," BIS Working Papers 576, Bank for International Settlements.
    9. Julia Merz & Michael Overesch & Georg Wamser, 2015. "Tax vs. Regulation Policy and the Location of Financial Sector FDI," CESifo Working Paper Series 5500, CESifo Group Munich.
    10. Buch, Claudia M. & Neugebauer, Katja & Schröder, Christoph, 2014. "Changing forces of gravity: How the crisis affected international banking," ZEW Discussion Papers 14-006, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    11. Claudio Raddatz & Sergio L. Schmukler, 2011. "On the International Transmission of Shocks: Micro-Evidence from Mutual Fund Portfolios," NBER Chapters,in: Global Financial Crisis National Bureau of Economic Research, Inc.
    12. Amiti, Mary & McGuire, Patrick M. & Weinstein, David E., 2017. "Supply- and Demand-side Factors in Global Banking," CEPR Discussion Papers 12091, C.E.P.R. Discussion Papers.
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    47. Xu, Ying & La, Hai Anh, 2015. "Foreign banks and international shock transmission: Does bank ownership still matter?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 38(C), pages 200-216.
    48. Stijn Claessens, 2017. "Global Banking: Recent Developments and Insights from Research," Review of Finance, European Finance Association, vol. 21(4), pages 1513-1555.
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    245. Frey, Rainer, 2016. "Multinational banks’ deleveraging in the Global Financial Crisis," Journal of Multinational Financial Management, Elsevier, vol. 37, pages 90-113.
    246. Popov, Alexander & Udell, Gregory F., 2012. "Cross-border banking, credit access, and the financial crisis," Journal of International Economics, Elsevier, vol. 87(1), pages 147-161.
    247. Bank for International Settlements, 2014. "EME banking systems and regional financial integration," CGFS Papers, Bank for International Settlements, number 51.
    248. Düwel, Cornelia, 2013. "Repo funding and internal capital markets in the financial crisis," Discussion Papers 16/2013, Deutsche Bundesbank.
    249. Torsten Ehlers & Patrick McGuire, 2017. "Foreign banks and credit conditions in EMEs," BIS Papers chapters,in: Bank for International Settlements (ed.), Financial systems and the real economy, volume 91, pages 101-123 Bank for International Settlements.
    250. Andrés Alegría & Kevin Cowan & Pablo García, 2017. "Spillovers and Relationships in Cross-Border Banking: The Case of Chile," Working Papers Central Bank of Chile 804, Central Bank of Chile.
    251. Davis, Scott, 2011. "Financial integration and international business cycle co-movement: the role of balance sheets," Globalization and Monetary Policy Institute Working Paper 89, Federal Reserve Bank of Dallas.
    252. International Monetary Fund, 2011. "Impact of the Global Crisison Banking Sector Soundness in Asian Low-Income Countries," IMF Working Papers 11/115, International Monetary Fund.

  16. Linda S. Goldberg & Cédric Tille, 2009. "Micro, macro, and strategic forces in international trade invoicing," Staff Reports 405, Federal Reserve Bank of New York.

    Cited by:

    1. Miles Parker, 2016. "How exporters set prices: evidence from a large behavioural survey," Reserve Bank of New Zealand Discussion Paper Series DP2016/01, Reserve Bank of New Zealand.
    2. Auer, Raphael & Schoenle, Raphael, 2015. "Market Structure and Exchange Rate Pass-Through," CEPR Discussion Papers 10585, C.E.P.R. Discussion Papers.
    3. Ayako Saiki, 2015. "The Endogeneity of Exchange Rate Pass-Through: Some European Evidence," Open Economies Review, Springer, vol. 26(5), pages 893-909, November.
    4. Hwang, Yu-Ning & Turnovsky, Stephen J., 2013. "Exchange rate pass-through and the effects of tariffs on economic performance and welfare," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 81-102.
    5. ITO Takatoshi & KOIBUCHI Satoshi & SATO Kiyotaka & SHIMIZU Junko, 2013. "Exchange Rate Risk Management of Export Firms: New findings from a questionnaire survey," Discussion papers 13024, Research Institute of Economy, Trade and Industry (RIETI).
    6. ITO Takatoshi & KOIBUCHI Satoshi & SATO Kiyotaka & SHIMIZU Junko, 2013. "Exchange Rate Exposure and Exchange Rate Risk Management: The case of Japanese exporting firms," Discussion papers 13025, Research Institute of Economy, Trade and Industry (RIETI).
    7. Mirko Abbritti & Tommaso Trani, 2014. "Search and Bargaining in the Product Market and Price Rigidities," Faculty Working Papers 09/14, School of Economics and Business Administration, University of Navarra.
    8. Nicola Kim Rowbotham, Adrian Saville & Douglas Mbululu, 2014. "Exchange Rate Policy and Export Performance in Efficiency-Driven Economies," Working Papers 469, Economic Research Southern Africa.
    9. Chung, Wanyu, 2016. "Imported inputs and invoicing currency choice: Theory and evidence from UK transaction data," Journal of International Economics, Elsevier, vol. 99(C), pages 237-250.
    10. Wang, Xiangning & Zhao, Xing, 2014. "The invoicing currency choice model of export enterprises assuming joint utility maximization and analysis of the factors influencing selection," Economic Modelling, Elsevier, vol. 42(C), pages 38-42.
    11. Ito, Takatoshi & Koibuchi, Satoshi & Sato, Kiyotaka & Shimizu, Junko, 2016. "Exchange rate exposure and risk management: The case of Japanese exporting firms," Journal of the Japanese and International Economies, Elsevier, vol. 41(C), pages 17-29.
    12. Ariel Burstein & Gita Gopinath, 2013. "International Prices and Exchange Rates," NBER Working Papers 18829, National Bureau of Economic Research, Inc.
    13. Kazumasa Iwata & Shinji Takenaka, 2012. "Central bank balance sheet expansion: Japan's experience," BIS Papers chapters,in: Bank for International Settlements (ed.), Are central bank balance sheets in Asia too large?, volume 66, pages 132-159 Bank for International Settlements.
    14. Linda S. Goldberg, 2011. "The international role of the dollar: Does it matter if this changes?," Staff Reports 522, Federal Reserve Bank of New York.
    15. Cao, Shutao & Dong, Wei & Tomlin, Ben, 2015. "Pricing-to-market, currency invoicing and exchange rate pass-through to producer prices," Journal of International Money and Finance, Elsevier, vol. 58(C), pages 128-149.
    16. Takatoshi Ito & Satoshi Koibuchi & Kiyotaka Sato & Junko Shimizu, 2010. "Why has the yen failed to become a dominant invoicing currency in Asia? A firm-level analysis of Japanese Exporters' invoicing behavior," NBER Working Papers 16231, National Bureau of Economic Research, Inc.
    17. Martin, Julien & Mejean, Isabelle, 2013. "Price dispersion and the euro: Micro heterogeneity and macro implications," International Review of Economics & Finance, Elsevier, vol. 26(C), pages 70-86.
    18. Beatriz de Blas & Katheryn N. Russ, 2010. "Teams of rivals: endogenous markups in a Ricardian world," Globalization and Monetary Policy Institute Working Paper 67, Federal Reserve Bank of Dallas.
    19. Burstein, Ariel & Gopinath, Gita, 2014. "International Prices and Exchange Rates," Handbook of International Economics, Elsevier.
    20. Saiki, Ayako & Chantapacdepong, Pornpinun & Volz, Ulrich, 2016. "Dealing with Quantitative Easing Spillovers in East Asia: The Role of Institutions and Macroprudential Policy," ADBI Working Papers 604, Asian Development Bank Institute.
    21. Gita Gopinath, 2015. "The International Price System," NBER Working Papers 21646, National Bureau of Economic Research, Inc.
    22. Beatriz de Blas & Katheryn Russ, 2010. "Understanding Markups in the Open Economy under Bertrand Competition," NBER Working Papers 16587, National Bureau of Economic Research, Inc.
    23. Ke Pang & Yao Tang, 2014. "Vertical Trade, Exchange Rate Pass-Through, and the Exchange Rate Regime," Open Economies Review, Springer, vol. 25(3), pages 477-520, July.

  17. Ceric Tille & Linda Goldberg, 2009. "The dynamics of international trade invoicing," 2009 Meeting Papers 890, Society for Economic Dynamics.

    Cited by:

    1. El-Shagi, Makram & Zhang, Lin, 2016. "Macroeconomic trade effects of vehicle currencies: Evidence from 19th century China," IWH Discussion Papers 23/2016, Halle Institute for Economic Research (IWH).

  18. Nicola Cetorelli & Linda S. Goldberg, 2009. "Globalized banks: lending to emerging markets in the crisis," Staff Reports 377, Federal Reserve Bank of New York.

    Cited by:

    1. Giannone, Domenico & Lenza, Michele & Reichlin, Lucrezia, 2010. "Market freedom and the global recession," CEPR Discussion Papers 7884, C.E.P.R. Discussion Papers.
    2. Košak, Marko & Li, Shaofang & Lončarski, Igor & Marinč, Matej, 2015. "Quality of bank capital and bank lending behavior during the global financial crisis," International Review of Financial Analysis, Elsevier, vol. 37(C), pages 168-183.
    3. Franziska Bremus, 2011. "Financial Integration and Macroeconomic Stability: What Role for Large Banks?," Discussion Papers of DIW Berlin 1178, DIW Berlin, German Institute for Economic Research.
    4. Victor Pontines & Reza Siregar, 2011. "Cross-border Bank Lending to Selected SEACEN Economies: An Integrative Report," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp82, April.
    5. Sasidaran Gopalan, 2015. "Financial Liberalization and Foreign Bank Entry in Emerging and Developing Economies: What Does the Literature Tell Us?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 1-25.
    6. Elod Takáts & Agustín Villar, 2011. "International banks, new liquidity rules and monetary policy in EMEs," BIS Papers chapters,in: Bank for International Settlements (ed.), Capital flows, commodity price movements and foreign exchange intervention, volume 57, pages 9-35 Bank for International Settlements.
    7. Siregar, Reza, 2011. "Macro-Prudential Approaches to Banking Regulation: Perspectives of Selected Asian Central Banks," ADBI Working Papers 325, Asian Development Bank Institute.
    8. Clarke, George R.G. & Cull, Robert & Kisunko, Gregory, 2012. "External finance and firm survival in the aftermath of the crisis : evidence from Eastern Europe and Central Asia," Policy Research Working Paper Series 6050, The World Bank.
    9. Nkunde Mwase & Francis Y Kumah, 2015. "Revisiting the Concept of Dollarization; The Global Financial Crisis and Dollarization in Low-Income Countries," IMF Working Papers 15/12, International Monetary Fund.
    10. Temesvary, Judit, 2015. "Foreign activities of U.S. banks since 1997: The roles of regulations and market conditions in crises and normal times," Journal of International Money and Finance, Elsevier, vol. 56(C), pages 202-222.
    11. Temesvary, Judit, 2014. "The determinants of U.S. banks’ international activities," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 233-247.
    12. Reza Siregar & Lim, C.S. Vincent, 2011. "Living with Macro-financial Linkages: Policy Perspectives and Challenges for SEACEN Countries," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp79, April.

  19. Linda S. Goldberg & Cédric Tille, 2008. "Macroeconomic interdependence and the international role of the dollar," Staff Reports 316, Federal Reserve Bank of New York.

    Cited by:

    1. Goldberg, Linda & Tille, Cédric, 2009. "Macroeconomic interdependence and the international role of the dollar," Journal of Monetary Economics, Elsevier, vol. 56(7), pages 990-1003, October.
    2. Cheng, Wenli & Zhang, Dingsheng, 2016. "How might the South be helped by Northern technology yet harmed by Northern money?," Economic Modelling, Elsevier, vol. 55(C), pages 83-91.
    3. Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2007. "Optimal Monetary Policy and the Sources of Local-Currency Price Stability," RSCAS Working Papers 2007/26, European University Institute.
    4. Mariarosaria Comunale & Davor Kunovac, 2017. "Exchange Rate Pass-Through in the Euro Area," Bank of Lithuania Working Paper Series 38, Bank of Lithuania.
    5. Chan Wang & Heng-fu Zou, 2015. "Optimal Monetary Policy Under a Global Dollar Standard: The Effect of Vertical Trade and Production," Open Economies Review, Springer, vol. 26(1), pages 121-137, February.
    6. Stéphane Auray & Beatriz De Blaz & Aurélien Eyquem, 2010. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Post-Print halshs-00588096, HAL.
    7. Piffaretti, Nadia F., 2008. "Reshaping the International Monetary Architecture and Addressing Global Imbalances: Lessons from the Keynes Plan," MPRA Paper 12165, University Library of Munich, Germany.
    8. Virginie Coudert & Cécile Couharde & Valérie Mignon, 2010. "Exchange Rate Flexibility across Financial Crises," CEPN Working Papers hal-00845254, HAL.
    9. Dohwa, Kohjiro, 2018. "The role of local currency pricing in international transmission effects of corporate tax reduction in an economy with vertical production linkage and foreign direct investment," MPRA Paper 86394, University Library of Munich, Germany.
    10. Andreas Hoffmann, 2014. "Zero-interest Rate Policy and Unintended Consequences in Emerging Markets," The World Economy, Wiley Blackwell, vol. 37(10), pages 1367-1387, October.
    11. Canzoneri, Matthew & Cumby, Robert & Diba, Behzad & López-Salido, David, 2013. "Key currency status: An exorbitant privilege and an extraordinary risk," Journal of International Money and Finance, Elsevier, vol. 37(C), pages 371-393.
    12. Masanori Kashiwagi, 2014. "Implications of Exchange Rate Pass-Through and Nontradable Goods for International Policy Cooperation," Open Economies Review, Springer, vol. 25(4), pages 771-795, September.
    13. Virginie Coudert & Cécile Couharde & Valérie Mignon, 2010. "Exchange Rate Flexibility across Financial Crises," Working Papers hal-00845254, HAL.
    14. Emine Boz & Gita Gopinath & Mikkel Plagborg-Møller, 2017. "Global Trade and the Dollar," NBER Working Papers 23988, National Bureau of Economic Research, Inc.
    15. Yu, Changhua, 2015. "Evaluating international financial integration in a center-periphery economy," Journal of International Economics, Elsevier, vol. 95(1), pages 129-144.
    16. Matthew Canzoneri & Robert E. Cumby & Behzad Diba & David Lopez-Salido, 2008. "The Macroeconomic Implications of a Key Currency," NBER Working Papers 14242, National Bureau of Economic Research, Inc.
    17. Hoffmann, Andreas & Loeffler, Axel, 2013. "Low interest rate policy and the use of reserve requirements in emerging markets," Working Papers 120, University of Leipzig, Faculty of Economics and Management Science.
    18. Senay, Ozge & Sutherland, Alan, 2010. "Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy," SIRE Discussion Papers 2010-18, Scottish Institute for Research in Economics (SIRE).
    19. Pavel Trunin & Sergey Narkevich, 2013. "Prospects for the Russian Ruble to Become Regional Reserve Currency," Working Papers 118, Gaidar Institute for Economic Policy, revised 2015.
    20. Kashiwagi, Masanori, 2017. "A vehicle currency country's welfare under optimal monetary policy," Japan and the World Economy, Elsevier, vol. 42(C), pages 23-31.
    21. Matthew Canzoneri & Robert Cumby, 2008. " Macroeconomic Implications of a Key Currency," CDMA Conference Paper Series 0807, Centre for Dynamic Macroeconomic Analysis.
    22. Kai Liu, 2014. "Dollar Hegemony and China's Economy," Cambridge Working Papers in Economics 1410, Faculty of Economics, University of Cambridge.
    23. Pierre L. Siklos, 2009. "As Good As It Gets? The International Dimension to Canada's Monetary Policy Strategy Choices," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 292, July.
    24. Stepanchuk, Serhiy & Tsyrennikov, Viktor, 2015. "Portfolio and welfare consequences of debt market dominance," Journal of Monetary Economics, Elsevier, vol. 74(C), pages 89-101.
    25. Camila Casas & Federico J. Díez & Gita Gopinath & Pierre-Olivier Gourinchas, 2016. "Dominant Currency Paradigm," NBER Working Papers 22943, National Bureau of Economic Research, Inc.
    26. Narkevich, Siarhei & Trunin, Pavel, 2013. "Prospects for the Russian Ruble as a Regional Reserve Currency," Published Papers dok2, Russian Presidential Academy of National Economy and Public Administration.
    27. Sergey Narkevich & Pavel Trunin, 2012. "Reserve Currencies: Factors of Evolution and their Role in the World Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 162P.
    28. Virginie Coudert, 2009. "Mythes et réalités de la « zone dollar »," Revue d'Économie Financière, Programme National Persée, vol. 94(1), pages 151-169.
    29. Kashiwagi, Masanori, 2014. "Vehicle currency pricing and its positive welfare consequences under optimal monetary policy," Japan and the World Economy, Elsevier, vol. 30(C), pages 75-85.
    30. McCauley, Robert & McGuire, Patrick & von Peter, Goetz, 2012. "After the global financial crisis: From international to multinational banking?," Journal of Economics and Business, Elsevier, vol. 64(1), pages 7-23.
    31. Gita Gopinath, 2015. "The International Price System," NBER Working Papers 21646, National Bureau of Economic Research, Inc.
    32. Chan Wang & Heng-fu Zou, 2013. "Optimal monetary policy in open economies: the role of reference currency in vertical production and trade," CEMA Working Papers 586, China Economics and Management Academy, Central University of Finance and Economics.

  20. Nicola Cetorelli & Linda S. Goldberg, 2008. "Banking Globalization, Monetary Transmission, and the Lending Channel," NBER Working Papers 14101, National Bureau of Economic Research, Inc.

    Cited by:

    1. Frey, Rainer & Düwel, Cornelia, 2013. "Competition between foreign affiliates: Multinational banks internal funding in the crisis," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80013, Verein für Socialpolitik / German Economic Association.
    2. Aysun, Uluc, 2008. "Automatic stabilizer feature of fixed exchange rate regimes," Emerging Markets Review, Elsevier, vol. 9(4), pages 302-328, December.
    3. Siregar, Reza & Miyaki, Keita, 2013. "Regional Financial Arrangement: An Impetus for Regional Policy Cooperation," MPRA Paper 51050, University Library of Munich, Germany.
    4. Shekhar Aiyar & Sonali Jain-Chandra, 2012. "The Domestic Credit Supply Response to International Bank Deleveraging; Is Asia Different?," IMF Working Papers 12/258, International Monetary Fund.
    5. Kollmann, Robert & Enders, Zeno & Muller, Gernot J., 2011. "Global banking and international business cycles," Globalization and Monetary Policy Institute Working Paper 72, Federal Reserve Bank of Dallas.
    6. Buch, Claudia M. & Koch, Cathérine Tahmee & Koetter, Michael, 2009. "Margins of international banking: is there a productivity pecking order in banking, too?," Discussion Paper Series 2: Banking and Financial Studies 2009,12, Deutsche Bundesbank.
    7. Carpenter, Seth & Demiralp, Selva, 2012. "Money, reserves, and the transmission of monetary policy: Does the money multiplier exist?," Journal of Macroeconomics, Elsevier, vol. 34(1), pages 59-75.
    8. Patrick Honohan, 2008. "Risk Management and the Costs of the Banking Crisis," National Institute Economic Review, National Institute of Economic and Social Research, vol. 206(1), pages 15-24, October.
    9. Elahi, M.A., 2011. "Essays on financial fragility," Other publications TiSEM 882f55bb-10dc-4e49-95ef-e, Tilburg University, School of Economics and Management.
    10. Barbi, Fernando C., 2014. "Determinants of Credit Expansion in Brazil," MPRA Paper 19535, University Library of Munich, Germany, revised 13 Sep 2014.
    11. Linda S. Goldberg & Craig Kennedy & Jason Miu, 2011. "Central bank dollar swap lines and overseas dollar funding costs," Economic Policy Review, Federal Reserve Bank of New York, issue May, pages 3-20.
    12. Apergis, Nicholas & Christou, Christina, 2015. "The behaviour of the bank lending channel when interest rates approach the zero lower bound: Evidence from quantile regressions," Economic Modelling, Elsevier, vol. 49(C), pages 296-307.
    13. Jeon, Bang & Olivero, María & Wu, Ji, 2012. "Multinational Banking and the International Transmission of Financial Shocks: Evidence from Foreign Bank Subsidiaries," School of Economics Working Paper Series 2012-2, LeBow College of Business, Drexel University.
    14. Francisco Nadal De Simone & Franco Stragiotti, 2010. "Market and Funding Liquidity Stress Testing of the Luxembourg Banking Sector," BCL working papers 45, Central Bank of Luxembourg.
    15. Beatriz de Blas & Katheryn Russ, 2010. "FDI in the Banking Sector," Working Papers 108, University of California, Davis, Department of Economics.
    16. Nicola Cetorelli & Linda S. Goldberg, 2009. "Globalized banks: lending to emerging markets in the crisis," Staff Reports 377, Federal Reserve Bank of New York.
    17. Uluc Aysun & Adam Honig, 2008. "Bankruptcy Costs, Liability Dollarization, and Vulnerability to Sudden Stops," Working papers 2008-41, University of Connecticut, Department of Economics.
    18. Senderski, Marcin, 2011. "Justifiable Thrift or Feverish Animal Spirits: What Stirred the Corporate Credit Crunch in Poland?," MPRA Paper 43674, University Library of Munich, Germany.
    19. Popov, Alexander & Udell, Gregory F., 2010. "Cross-border banking and the international transmission of financial distress during the crisis of 2007-2008," Working Paper Series 1203, European Central Bank.
    20. Xu, T.T., 2012. "The role of credit in international business cycles," Cambridge Working Papers in Economics 1202, Faculty of Economics, University of Cambridge.
    21. Yang, Jun & Shao, Hanhua, 2016. "Impact of bank competition on the bank lending channel of monetary transmission: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 43(C), pages 468-481.
    22. Düwel, Cornelia & Frey, Rainer, 2012. "Competition for internal funds within multinational banks: Foreign affiliate lending in the crisis," Discussion Papers 19/2012, Deutsche Bundesbank.
    23. Thierry Tressel, 2010. "Financial Contagion Through Bank Deleveraging; Stylized Facts and Simulations Applied to the Financial Crisis," IMF Working Papers 10/236, International Monetary Fund.
    24. Luiz de Mello & Mauro Pisu, 2009. "The Bank Lending Channel of Monetary Transmission in Brazil: A VECM Approach," OECD Economics Department Working Papers 711, OECD Publishing.
    25. Nicola Cetorelli & Linda S. Goldberg, 2010. "Global banks and international shock transmission: evidence from the crisis," Staff Reports 446, Federal Reserve Bank of New York.
    26. Bang Nam Jeon & Maria Pia Olivero & Ji Wu, 2013. "Multinational Banking and Financial Contagion: Evidence from Foreign Bank Subsidiaries," Working Papers 052013, Hong Kong Institute for Monetary Research.
    27. Philip R. Lane, 2008. "EMU and Financial Integration," The Institute for International Integration Studies Discussion Paper Series iiisdp272, IIIS.
    28. Krainer, Robert E., 2014. "Monetary policy and bank lending in the Euro area: Is there a stock market channel or an interest rate channel?," Journal of International Money and Finance, Elsevier, vol. 49(PB), pages 283-298.
    29. Ongena, S. & Popov, A. & Udell, G.F., 2011. "Bank Risk-Taking Abroad : Does Home-Country Regulation and Supervision Matter," Discussion Paper 2011-032, Tilburg University, Center for Economic Research.
    30. Oksana Kramarenko, 2015. "The Development of Strategic Bank Lending Industries in the Context of Globalization," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 228-241.
    31. Elod Takáts & Agustín Villar, 2011. "International banks, new liquidity rules and monetary policy in EMEs," BIS Papers chapters,in: Bank for International Settlements (ed.), Capital flows, commodity price movements and foreign exchange intervention, volume 57, pages 9-35 Bank for International Settlements.
    32. Sami Alpanda & Uluc Aysun, 2010. "Bank globalization and the balance sheet channel of monetary transmission," Working papers 2010-20, University of Connecticut, Department of Economics.
    33. Steven B. Kamin, 2010. "Financial globalization and monetary policy," International Finance Discussion Papers 1002, Board of Governors of the Federal Reserve System (U.S.).
    34. Piti Disyatat, 2011. "The Bank Lending Channel Revisited," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(4), pages 711-734, June.
    35. Siregar, Reza, 2011. "Macro-Prudential Approaches to Banking Regulation: Perspectives of Selected Asian Central Banks," ADBI Working Papers 325, Asian Development Bank Institute.
    36. Jamilov, Rustam, 2012. "Channels of Monetary Transmission in the CIS," MPRA Paper 39568, University Library of Munich, Germany.
    37. Patrick Honohan, 2009. "Bank Failures: The Limitations of Risk Modeling," World Scientific Book Chapters,in: The First Credit Market Turmoil Of The 21st Century Implications for Public Policy, chapter 8, pages 103-123 World Scientific Publishing Co. Pte. Ltd..
    38. Bank for International Settlements, 2009. "Capital flows and emerging market economies," CGFS Papers, Bank for International Settlements, number 33.
    39. Saumitra N. Bhaduri & Toto Goyal, 2015. "The bank lending channel of monetary policy transmission: evidence from an emerging market, India," International Journal of Banking, Accounting and Finance, Inderscience Enterprises Ltd, vol. 6(1), pages 1-20.
    40. Düwel, Cornelia & Frey, Rainer & Lipponer, Alexander, 2011. "Cross-border bank lending, risk aversion and the financial crisis," Discussion Paper Series 1: Economic Studies 2011,29, Deutsche Bundesbank.
    41. Fabian Valencia, 2008. "Banks’ Precautionary Capital and Persistent Credit Crunches," IMF Working Papers 08/248, International Monetary Fund.
    42. Reza Siregar & Lim C.S. Vincent & Victor Pontines, 2011. "Post Global Financial Crisis: Issues and Challenges for Central Banks of Emerging Markets," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp80, April.
    43. Reza Siregar & Lim, C.S. Vincent, 2011. "Living with Macro-financial Linkages: Policy Perspectives and Challenges for SEACEN Countries," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp79, April.
    44. Patrick McGuire & Goetz von Peter, 2009. "The US dollar shortage in global banking," BIS Quarterly Review, Bank for International Settlements, March.
    45. Seth Carpenter & Selva Demiralp, 2009. "Money and the Transmission of Monetary Policy," Koç University-TUSIAD Economic Research Forum Working Papers 0906, Koc University-TUSIAD Economic Research Forum.

  21. Jose Manuel Campa & Linda S. Goldberg, 2006. "Pass-through of exchange rates to consumption prices: what has changed and why," Staff Reports 261, Federal Reserve Bank of New York.

    Cited by:

    1. Stahn, Kerstin, 2009. "Changes in import pricing behaviour: the case of Germany," Discussion Paper Series 1: Economic Studies 2009,14, Deutsche Bundesbank.
    2. Delatte, Anne-Laure & López-Villavicencio, Antonia, 2012. "Asymmetric exchange rate pass-through: Evidence from major countries," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 833-844.
    3. International Monetary Fund, 2007. "Tunisia; Selected Issues," IMF Staff Country Reports 07/319, International Monetary Fund.
    4. Zhao, Huan & Xiaodong, Du & Hennessy, David A., 2011. "Pass-Through in United States Beef Cattle Prices: A Test of Ricardian Rent Theory," Staff General Research Papers Archive 32095, Iowa State University, Department of Economics.
    5. Villas-Boas, Sofia B & Bonnet, Celine & Dubois, Pierre, 2013. "Empirical Evidence on the Role of Non Linear Wholesale Pricing and Vertical Restraints on Cost Pass-Through," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt61x6k2m7, Department of Agricultural & Resource Economics, UC Berkeley.
    6. Andrés González & Hernán Rincón & Norberto Rodríguez, 2008. "La transmisión de los choques a la tasa de cambio sobre la inflación de los bienes importados en presencia de asimetrías," Borradores de Economia 532, Banco de la Republica de Colombia.
    7. Bogdan Cozmanca & Florentina Manea, 2009. "Exchange Rate Pass-Through into Romanian Price Indices: A VAR Approach," Advances in Economic and Financial Research - DOFIN Working Paper Series 34, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB.
    8. Baki Demirel & Baris Alpaslan & Emre Guneser Bozdag, 2013. "Do Exchange Rates Affect Inflation? Evidence from Emerging Market Economies," Koç University-TUSIAD Economic Research Forum Working Papers 1318, Koc University-TUSIAD Economic Research Forum.
    9. Jinbin Wang & Nan Li, 2010. "Exchange rate pass-through: The case of China," Frontiers of Economics in China, Springer;Higher Education Press, vol. 5(3), pages 356-374, September.
    10. Riccardo Realfonzo & Angelantonio Viscione, 2015. "The Effects of a Euro Exit on Growth, Employment, and Wages," Economics Working Paper Archive wp_840, Levy Economics Institute.
    11. Dahem, Ahlem & Siala Guermazi, Fatma, 2016. "Exchange rate Pass-through and Monetary Policy in Transition Economy: Evidence from Tunisia with disaggregated VAR Analysis," MPRA Paper 74179, University Library of Munich, Germany.
    12. Luis-Felipe Zanna & Marco Airaudo, 2012. "Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies," IMF Working Papers 12/121, International Monetary Fund.
    13. Garcia-Cebro, Juan A. & Varela-Santamaría, Ramón, 2011. "The international transmission of monetary shocks across developed countries: The role of imported raw materials," Journal of International Money and Finance, Elsevier, vol. 30(8), pages 1791-1813.
    14. Eike Berner & Laura Birg & Dominik Boddin, 2017. "Retailers and Consumers: The Pass-through of Import Price Changes," The World Economy, Wiley Blackwell, vol. 40(7), pages 1314-1344, July.
    15. Martin D. D. Evans, 2012. "Exchange-Rate Dark Matter," Working Papers gueconwpa~12-12-01, Georgetown University, Department of Economics.
    16. Flamini, Alessandro & Milas, Costas, 2015. "Distribution forecast targeting in an open-economy, macroeconomic volatility and financial implications," Journal of Financial Stability, Elsevier, vol. 16(C), pages 89-105.
    17. Comunale, Mariarosaria & Simola, Heli, 2016. "The pass-through to consumer prices in CIS economies: The role of exchange rates, commodities and other common factors," BOFIT Discussion Papers 16/2016, Bank of Finland, Institute for Economies in Transition.
    18. Horst Raff & Nicolas Schmitt, 2009. "Imports, Pass-Through, and the Structure of Retail Markets," CESifo Working Paper Series 2817, CESifo Group Munich.
    19. Dubravko Mihaljek & Marc Klau, 2008. "Exchange rate pass-through in emerging market economies: what has changed and why?," BIS Papers chapters,in: Bank for International Settlements (ed.), Transmission mechanisms for monetary policy in emerging market economies, volume 35, pages 103-130 Bank for International Settlements.
    20. Stahn Kerstin, 2011. "Changes in Import Pricing Behaviour: Evidence for Germany," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 231(4), pages 522-545, August.
    21. Raff, Horst & Schmitt, Nicolas, 2015. "Retailing and international trade: A survey of the literature," Economics Working Papers 2015-02, Christian-Albrechts-University of Kiel, Department of Economics.
    22. Ahlem Dahem1 & Fatma Siala Guermazi, 2016. "Exchange Rate Pass-through and Monetary Policy in Transition Economy: Evidence from Tunisia with a Disaggregated VAR Analysis," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 50-63.
    23. Jiang, Jiadan & Kim, David, 2013. "Exchange rate pass-through to inflation in China," Economic Modelling, Elsevier, vol. 33(C), pages 900-912.
    24. Li-gang Liu & Andrew Tsang, 2008. "Exchange Rate Pass-Through to Domestic Inflation in Hong Kong," Working Papers 0802, Hong Kong Monetary Authority.
    25. Andrés González & Hernán Rincóm & Norberto Rodríguez, 2008. "La transmisión de los choques a la tasa de cambio sobre la inflación," BORRADORES DE ECONOMIA 005089, BANCO DE LA REPÚBLICA.
    26. Hassan Molana & Kwame Osei-Assibey, 2010. "Inflation Uncertainty, Exchange Rate Depreciation and Volatility: Evidence from Ghana, Mozambique and Tanzania," Dundee Discussion Papers in Economics 246, Economic Studies, University of Dundee.
    27. Bonnet, Céline & Réquillart, Vincent, 2011. "Tax incidence with strategic firms on the soft drink market," TSE Working Papers 11-233, Toulouse School of Economics (TSE), revised Jul 2012.
    28. YOSHIDA Yushi & SASAKI Yuri, 2015. "Automobile Exports: Export price and retail price," Discussion papers 15024, Research Institute of Economy, Trade and Industry (RIETI).
    29. Forte, Antonio, 2009. "The pass-through effect: a twofold analysis," MPRA Paper 16527, University Library of Munich, Germany.
    30. Paul R. Bergin & Robert C. Feenstra, 2009. "Pass-Through of Exchange Rates and Competition between Floaters and Fixers," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(s1), pages 35-70, February.
    31. Xavier Cirera, 2014. "Who captures the price rent? The impact of European Union trade preferences on export prices," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 150(3), pages 507-527, August.
    32. Till Dannewald & Lutz Hildebrandt, 2008. "A Brand Specific Investigation of International Cost Shock Threats on Price and Margin with a Manufacturer-Wholesaler-Retailer Model," SFB 649 Discussion Papers SFB649DP2008-070, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    33. Paul Gaggl, 2009. "The Role of Exchange Rate Movements for Prices in the Euro Area," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 83-103.

  22. Linda S. Goldberg & Cedric Tille, 2006. "The internationalization of the dollar and trade balance adjustment," Staff Reports 255, Federal Reserve Bank of New York.

    Cited by:

    1. Holinski Nils & Vermeulen Robert, 2009. "The International Wealth Effect: A Global Error-Correcting Analysis," Research Memorandum 019, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    2. Michael B. Devereux & Hans Genberg, 2006. "Currency Appreciation and Current Account Adjustment," Working Papers 172006, Hong Kong Institute for Monetary Research.
    3. Yamin Ahmad & Olena Mykhaylova, 2015. "Exploring International Differences in Inflation Dynamics," Working Papers 1509, College of the Holy Cross, Department of Economics.
    4. Holinski Nils & Kool Clemens & Muysken Joan, 2009. "International Portfolio Balance – Modeling the External Adjustment Process," Research Memorandum 033, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).

  23. Linda S. Goldberg & Cédric Tille, 2006. "The International Role of the Dollar and Trade Balance Adjustment," NBER Working Papers 12495, National Bureau of Economic Research, Inc.

    Cited by:

    1. Mariarosaria Comunale & Davor Kunovac, 2017. "Exchange Rate Pass-Through in the Euro Area," Bank of Lithuania Working Paper Series 38, Bank of Lithuania.
    2. Coudert, Virginie & Couharde, Cecile, 2007. "Real equilibrium exchange rate in China is the renminbi undervalued?," Journal of Asian Economics, Elsevier, vol. 18(4), pages 568-594, August.
    3. Jose Manuel Campa & Linda S. Goldberg, 2006. "Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why?," NBER Working Papers 12547, National Bureau of Economic Research, Inc.
    4. David Cook & Nikhil Patel, 2018. "Dollar invoicing, exchange rates and international trade," BIS Papers chapters,in: Bank for International Settlements (ed.), The price, real and financial effects of exchange rates, volume 96, pages 108-121 Bank for International Settlements.
    5. Shin-ichi Fukuda & Yoshifumi Kon, 2008. "Liquidity Risk Aversion, Debt Maturity, and Current Account Surpluses: A Theory and Evidence from East Asia," NBER Chapters,in: International Financial Issues in the Pacific Rim: Global Imbalances, Financial Liberalization, and Exchange Rate Policy (NBER-EASE Volume 17), pages 39-70 National Bureau of Economic Research, Inc.
    6. Pavel Trunin & Sergey Narkevich, 2013. "Prospects for the Russian Ruble to Become Regional Reserve Currency," Working Papers 118, Gaidar Institute for Economic Policy, revised 2015.
    7. Yamin Ahmad & Olena Mykhaylova, 2015. "Exploring International Differences in Inflation Dynamics," Working Papers 1509, College of the Holy Cross, Department of Economics.
    8. Linda S. Goldberg, 2011. "The international role of the dollar: Does it matter if this changes?," Staff Reports 522, Federal Reserve Bank of New York.
    9. Narkevich, Siarhei & Trunin, Pavel, 2013. "Prospects for the Russian Ruble as a Regional Reserve Currency," Published Papers dok2, Russian Presidential Academy of National Economy and Public Administration.
    10. Hermann Remsperger & Adalbert Winkler, 2009. "Welchen Einfluss hat der Wechselkurs auf die internationale Rolle von US-Dollar und Euro?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 10(1), pages 21-38, February.

  24. Goldberg, Linda S. & Campa, Jose M., 2006. "Distribution margins, imported inputs, and the insensitivity of the CPI to exchange rates," IESE Research Papers D/625, IESE Business School.

    Cited by:

    1. Jean M. Imbs & Haroon Mumtaz & Morten O. Ravn & Hélène Rey, 2010. "One TV, One Price?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(4), pages 753-781, December.
    2. Andrea Ferrero & Mark Gertler & Lars E. O. Svensson, 2007. "Current Account Dynamics and Monetary Policy," NBER Chapters,in: International Dimensions of Monetary Policy, pages 199-244 National Bureau of Economic Research, Inc.
    3. Pinelopi Koujianou Goldberg & Rebecca Hellerstein, 2008. "A Framework for Identifying the Sources of Local-Currency Price Stability with an Empirical Application," Working Papers 1161, Princeton University, Department of Economics, Center for Economic Policy Studies..
    4. Oxana Babetskaia-Kukharchuk, 2007. "Transmission of Exchange Rate Shocks into Domestic Inflation: The Case of the Czech Republic," Working Papers 2007/12, Czech National Bank, Research Department.
    5. Emi Nakamura & Dawit Zerom, 2009. "Accounting for Incomplete Pass-Through," NBER Working Papers 15255, National Bureau of Economic Research, Inc.
    6. Igor Velickovski & Geoffrey Thomas Pugh, 2011. "Constraints on exchange rate flexibility in transition economies: a meta-regression analysis of exchange rate pass-through," Applied Economics, Taylor & Francis Journals, vol. 43(27), pages 4111-4125.
    7. Jean Boivin & Marc P. Giannoni & Benoît Mojon, 2008. "How Has the Euro Changed the Monetary Transmission?," NBER Working Papers 14190, National Bureau of Economic Research, Inc.
    8. George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2010. "Inventories, Lumpy Trade, and Large Devaluations," American Economic Review, American Economic Association, vol. 100(5), pages 2304-2339, December.
    9. David Greenaway & Richard Kneller & Xufei Zhang, 2010. "The Effect of Exchange Rates on Firm Exports: The Role of Imported Intermediate Inputs," The World Economy, Wiley Blackwell, vol. 33(8), pages 961-986, August.
    10. Patrick A. Imam, 2008. "Rapid Current Account Adjustments; Are Microstates Different?," IMF Working Papers 08/233, International Monetary Fund.
    11. Rahul Giri, 2010. "Local Costs of Distribution, International Trade Costs and Micro Evidence on the Law of One Price," Working Papers 1001, Centro de Investigacion Economica, ITAM.
    12. Jose Manuel Campa & Linda S. Goldberg & Jose M. Gonzalez-Minguez, 2005. "Exchange rate pass-through to import prices in the Euro area," Staff Reports 219, Federal Reserve Bank of New York.
    13. Bogdan Cozmanca & Florentina Manea, 2009. "Exchange Rate Pass-Through into Romanian Price Indices: A VAR Approach," Advances in Economic and Financial Research - DOFIN Working Paper Series 34, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB.
    14. Linda S. Goldberg & Cedric Tille, 2006. "The internationalization of the dollar and trade balance adjustment," Staff Reports 255, Federal Reserve Bank of New York.
    15. Martin Berka & Michael B. Devereux, 2013. "Trends in European real exchange rates," Economic Policy, CEPR;CES;MSH, vol. 28(74), pages 193-242, April.
    16. Linda S. Goldberg & Cédric Tille, 2006. "The International Role of the Dollar and Trade Balance Adjustment," NBER Working Papers 12495, National Bureau of Economic Research, Inc.
    17. David Parsley & Helen Popper, 2010. "Understanding Real Exchange Rate Movements With Trade In Intermediate Products," Pacific Economic Review, Wiley Blackwell, vol. 15(2), pages 171-188, May.
    18. Slavi T. Slavov, 2008. "Does Monetary Integration Reduce Exchange Rate Pass-Through?," The World Economy, Wiley Blackwell, vol. 31(12), pages 1599-1624, December.
    19. Azwifaneli I. Nemushu, 2016. "Rand volatility and inflation in South Africa," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 4(6), pages 8-20, December.
    20. Fratzscher, Marcel & Juvenal, Luciana & Sarno, Lucio, 2009. "Asset Prices, Exchange Rates and the Current Account," CEPR Discussion Papers 7614, C.E.P.R. Discussion Papers.
    21. Jordi Galí & Tommaso Monacelli, 2016. "Understanding the Gains from Wage Flexibility: The Exchange Rate Connection," American Economic Review, American Economic Association, vol. 106(12), pages 3829-3868, December.
    22. Takatoshi Ito & Kiyotaka Sato, 2006. "Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through," Discussion papers 06018, Research Institute of Economy, Trade and Industry (RIETI).
    23. Hellerstein, Rebecca, 2008. "Who bears the cost of a change in the exchange rate? Pass-through accounting for the case of beer," Journal of International Economics, Elsevier, vol. 76(1), pages 14-32, September.
    24. Oviedo, P. Marcelo & Singh, Rajesh, 2013. "Investment composition and international business cycles," Journal of International Economics, Elsevier, vol. 89(1), pages 79-95.
    25. Garcia-Cebro, Juan A. & Varela-Santamaría, Ramón, 2011. "The international transmission of monetary shocks across developed countries: The role of imported raw materials," Journal of International Money and Finance, Elsevier, vol. 30(8), pages 1791-1813.
    26. Jose Manuel Campa & Linda S. Goldberg, 2006. "Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why?," NBER Working Papers 12547, National Bureau of Economic Research, Inc.
    27. Tommaso Monacelli, 2007. "Comment on "Globalization and Inflation Dynamics: A Structural Perspective"," NBER Chapters,in: International Dimensions of Monetary Policy, pages 579-590 National Bureau of Economic Research, Inc.
    28. Stefania Garetto, 2014. "Firms’ Heterogeneity and Incomplete Pass-Through," Boston University - Department of Economics - Working Papers Series WP2014-006, Boston University - Department of Economics.
    29. Raphael Auer & Thomas Chaney, 2009. "Exchange Rate Pass-Through in a Competitive Model of Pricing-to-Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(s1), pages 151-175, February.
    30. Horst Raff & Nicolas Schmitt, 2009. "Imports, Pass-Through, and the Structure of Retail Markets," CESifo Working Paper Series 2817, CESifo Group Munich.
    31. Gita Gopinath & Oleg Itskhoki, 2010. "In search of real rigidities," Working Papers 10-9, Federal Reserve Bank of Boston.
    32. Iyabo Masha & Chanho Park, 2012. "Exchange Rate Pass Through to Prices in Maldives," IMF Working Papers 12/126, International Monetary Fund.
    33. Murshed, Hasan & Nakibullah, Ashraf, 2015. "Price level and inflation in the GCC countries," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 239-252.
    34. Raff, Horst & Schmitt, Nicolas, 2015. "Retailing and international trade: A survey of the literature," Economics Working Papers 2015-02, Christian-Albrechts-University of Kiel, Department of Economics.
    35. Li-gang Liu & Andrew Tsang, 2008. "Exchange Rate Pass-Through to Domestic Inflation in Hong Kong," Working Papers 0802, Hong Kong Monetary Authority.
    36. Jean Boivin & Marc P. Giannoni & Benoît Mojon, 2009. "How Has the Euro Changed the Monetary Transmission Mechanism?," NBER Chapters,in: NBER Macroeconomics Annual 2008, Volume 23, pages 77-125 National Bureau of Economic Research, Inc.
    37. Oviedo, P. Marcelo & Singh, Rajesh, 2012. "Investment Composition and International Business Cycles," Staff General Research Papers Archive 35096, Iowa State University, Department of Economics.
    38. Takhtamanova, Yelena F., 2010. "Understanding changes in exchange rate pass-through," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1118-1130, December.
    39. Rudolfs Bems & Julian di Giovanni, 2016. "Income-Induced expenditure switching," Economics Working Papers 1534, Department of Economics and Business, Universitat Pompeu Fabra.
    40. Aurora Ascione, 2007. "Non-Price Competition and Exchange Rate Pass-Through," Economics Working Papers ECO2007/54, European University Institute.
    41. Garetto, Stefania, 2016. "Firms' heterogeneity, incomplete information, and pass-through," Journal of International Economics, Elsevier, vol. 101(C), pages 168-179.
    42. Diez, Federico J. & Gopinath, Gita, 2015. "The effects of a stronger dollar on U.S. prices," Current Policy Perspectives 15-9, Federal Reserve Bank of Boston.
    43. ITO Takatoshi & KOIBUCHI Satoshi & SATO Kiyotaka & SHIMIZU Junko, 2016. "Choice of Invoice Currency in Japanese Trade: Industry and commodity level analysis," Discussion papers 16031, Research Institute of Economy, Trade and Industry (RIETI).
    44. Stefania Garetto, 2016. "Firms’ Heterogeneity, Incomplete Information, and Pass-Through," Boston University - Department of Economics - Working Papers Series wp2016-004, Boston University - Department of Economics.
    45. Ali, Syed Zahid & Anwar, Sajid, 2017. "Exchange rate pass through, cost channel to monetary policy transmission, adaptive learning, and the price puzzle," International Review of Economics & Finance, Elsevier, vol. 48(C), pages 69-82.
    46. Horst Raff & Nicolas Schmitt, 2012. "Imports and the structure of retail markets," Canadian Journal of Economics, Canadian Economics Association, vol. 45(4), pages 1431-1455, November.
    47. Chaban, Maxym, 2011. "Home bias, distribution services and determinants of real exchange rates," Journal of Macroeconomics, Elsevier, vol. 33(4), pages 793-806.
    48. Kraay, Aart, 2007. "The welfare effects of a large depreciation : the case of Egypt, 2000-05," Policy Research Working Paper Series 4182, The World Bank.
    49. Yuko Imura, 2013. "Endogenous Trade Participation with Incomplete Exchange Rate Pass-Through," Staff Working Papers 13-30, Bank of Canada.
    50. Huang, Chao-Hsi, 2010. "International capital mobility: An alternative test based on intertemporal current account models," International Review of Economics & Finance, Elsevier, vol. 19(3), pages 467-482, June.
    51. Waldyr Areosa & Marta Areosa, 2012. "The Signaling Effect of Exchange Rates: pass-through under dispersed information," Working Papers Series 282, Central Bank of Brazil, Research Department.
    52. Oviedo, P. Marcelo & Singh, Rajesh, 2008. "International Business Cycles with Mutliple Input Investment Technologies," Staff General Research Papers Archive 32800, Iowa State University, Department of Economics.
    53. Hesham Alogeel & Maher Hasan, 2008. "Understanding the Inflationary Process in the GCC Region; The Case of Saudi Arabia and Kuwait," IMF Working Papers 08/193, International Monetary Fund.
    54. Nazli Toraganli, 2010. "Exchange Rate Pass-Through and Exposure in the Turkish Economy," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 10(1), pages 47-69.
    55. Imura, Yuko, 2016. "Endogenous trade participation with price rigidities," Journal of International Economics, Elsevier, vol. 100(C), pages 14-33.

  25. Nicola Cetorelli & Linda S. Goldberg, 2006. "Risks in U.S. bank international exposures," Staff Reports 240, Federal Reserve Bank of New York.

    Cited by:

    1. Stijn Claessens, 2006. "Competitive Implications of Cross-Border Banking," World Scientific Book Chapters,in: Cross-Border Banking Regulatory Challenges, chapter 11, pages 151-181 World Scientific Publishing Co. Pte. Ltd..
    2. Bessler, Wolfgang & Kurmann, Philipp & Nohel, Tom, 2015. "Time-varying systematic and idiosyncratic risk exposures of US bank holding companies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 35(C), pages 45-68.
    3. Temesvary, Judit, 2015. "Foreign activities of U.S. banks since 1997: The roles of regulations and market conditions in crises and normal times," Journal of International Money and Finance, Elsevier, vol. 56(C), pages 202-222.

  26. Linda S. Goldberg, 2005. "The International Exposure of U.S. Banks," NBER Working Papers 11365, National Bureau of Economic Research, Inc.

    Cited by:

    1. Buch, Claudia M. & Lipponer, Alexander, 2005. "Business cycles and FDI: evidence from German sectoral data," Discussion Paper Series 1: Economic Studies 2005,09, Deutsche Bundesbank.
    2. Koga, Maiko & Yoshino, Koichi, 2016. "Boom and Bust of Foreign Assets under Integrated Banking System," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 31(1), pages 166-182.
    3. Mejra Festić, 2011. "The role of the foreign banks in the 5 EU member states," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 13(1), pages 189-206, June.
    4. Alicia Garcia-Herrero & Fielding Chen, 2013. "Deleveraging from Emerging Markets: the Case of Euro-area Banks," Working Papers 1313, BBVA Bank, Economic Research Department.
    5. Jose A. Lopez & Mark M. Spiegel, 2006. "Foreign bank lending and bond underwriting in Japan during the lost decade," Working Paper Series 2006-45, Federal Reserve Bank of San Francisco.
    6. Stijn Claessens, 2006. "Competitive Implications of Cross-Border Banking," World Scientific Book Chapters,in: Cross-Border Banking Regulatory Challenges, chapter 11, pages 151-181 World Scientific Publishing Co. Pte. Ltd..
    7. Sven Blank & Claudia M Buch, 2007. "International bank portfolios: short- and long-run responses to the business cycle," CGFS Papers chapters,in: Bank for International Settlements (ed.), Research on global financial stability: the use of BIS international financial statistics, volume 29, pages 128-155 Bank for International Settlements.
    8. Cerutti, Eugenio, 2015. "Drivers of cross-border banking exposures during the crisis," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 340-357.
    9. Schertler, Andrea & Buch, Claudia M. & von Westernhagen, Natalja, 2006. "Heterogeneity in lending and sectoral growth: evidence from German bank-level data," Discussion Paper Series 2: Banking and Financial Studies 2006,04, Deutsche Bundesbank.
    10. Schertler, Andrea & Tykvová, Tereza, 2006. "Rivals or partners? Evidence from Europe's international private equity deals," ZEW Discussion Papers 06-091, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    11. Wu, Ji & Jeon, Bang Nam & Luca, Alina C., 2010. "Does Distance Affect the Performance of Foreign Banks? Evidence from Multinational Banking in Developing Countries," MPRA Paper 37083, University Library of Munich, Germany, revised 01 Feb 2012.

  27. Linda S. Goldberg, 2005. "Trade invoicing in the accession countries: are they suited to the Euro?," Staff Reports 222, Federal Reserve Bank of New York.

    Cited by:

    1. Lipinska, Anna, 2008. "The Maastricht Convergence Criteria and Monetary Regimes for the EMU Accession Countries," MPRA Paper 16375, University Library of Munich, Germany.
    2. Novy, Dennis, 2006. "Hedge Your Costs: Exchange Rate Risk and Endogenous Currency Invoicing," The Warwick Economics Research Paper Series (TWERPS) 765, University of Warwick, Department of Economics.
    3. Maria V. Sokolova, 2016. "Better More Than One: Portfolio Currency Pricing and Exchange Rate Hedging," IHEID Working Papers 03-2016, Economics Section, The Graduate Institute of International Studies.
    4. Oxana Babetskaia-Kukharchuk & Ian Babetskii & Jiri Podpiera, 2008. "Convergence in exchange rates: market's view on CE-4 joining EMU," Applied Economics Letters, Taylor & Francis Journals, vol. 15(5), pages 385-390.
    5. Kamps, Annette, 2006. "The euro as invoicing currency in international trade," Working Paper Series 665, European Central Bank.
    6. Anna Lipinska, 2006. "Monetary regime choice in the accession countries - a theoretical analysis," Computing in Economics and Finance 2006 243, Society for Computational Economics.
    7. Maria V. Sokolova, 2015. "Strategic Currency Choice in International Trade," CESifo Working Paper Series 5574, CESifo Group Munich.
    8. Elias Papaioannou & Richard Portes, 2008. "The international role of the euro: a status report," European Economy - Economic Papers 2008 - 2015 317, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    9. Slavov, Slavi T., 2008. "Measuring and modeling the effects of G-3 exchange rate fluctuations on small open economies: A natural experiment," Economic Systems, Elsevier, vol. 32(3), pages 253-273, September.

  28. Linda S. Goldberg & Cedric Tille, 2005. "Vehicle Currency Use in International Trade," NBER Working Papers 11127, National Bureau of Economic Research, Inc.

    Cited by:

    1. Bonadio, Barthélémy & Fischer, Andreas M & Sauré, Philip, 2016. "The speed of the exchange rate pass-through," CEPR Discussion Papers 11195, C.E.P.R. Discussion Papers.
    2. Ligthart, Jenny E. & Werner, Sebastian E.V., 2012. "Has the euro affected the choice of invoicing currency?," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1551-1573.
    3. Goldberg, Linda S. & Tille, Cédric, 2009. "Micro, Macro, and Strategic Forces in International Trade Invoicing," CEPR Discussion Papers 7534, C.E.P.R. Discussion Papers.
    4. Xiaoli Chen & Yin-Wong Cheung, 2011. "Renminbi Going Global," Working Papers 082011, Hong Kong Institute for Monetary Research.
    5. Goldberg, Linda & Tille, Cédric, 2009. "Macroeconomic interdependence and the international role of the dollar," Journal of Monetary Economics, Elsevier, vol. 56(7), pages 990-1003, October.
    6. Basher, Syed Abul & Haug, Alfred A. & Sadorsky, Perry, 2011. "Oil prices, exchange rates and emerging stock markets," MPRA Paper 30140, University Library of Munich, Germany.
    7. Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2010. "Optimal monetary policy in open economies," Working Paper Series 2010-13, Federal Reserve Bank of San Francisco.
    8. Ehsan U. Choudhri & Dalia S. Hakura, 2014. "The Exchange Rate Pass-Through to Import and Export Prices: The Role of Nominal Rigidities and Currency Choice," Carleton Economic Papers 14-09, Carleton University, Department of Economics.
    9. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, December.
    10. Hyoung-kyu Chey & Geun-Young Kim & Dong Hyun Lee, 2016. "Who Are the First Users of a Newly-Emerging International Currency? A Demand-Side Study of Chinese Renminbi Internationalization," Working Papers 2016-19, Economic Research Institute, Bank of Korea.
    11. Kátay, Gábor & Péter, Harasztosi, 2017. "Currency Matching and Carry Trade by Non-Financial Corporations," Working Papers 2017-02, Joint Research Centre, European Commission (Ispra site).
    12. Olivier de Bandt & Tovonony Razafindrabe, 2014. "Does nominal rigidity mislead our perception of the exchange rate pass-through?," EconomiX Working Papers 2014-36, University of Paris Nanterre, EconomiX.
    13. Daniel Gersten Reiss, 2016. "Invoice Currency In Brazil," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 106, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    14. Kang, Hyunju, 2015. "Currency invoicing and state-dependent pricing," Journal of Macroeconomics, Elsevier, vol. 44(C), pages 50-59.
    15. Barry Eichengreen & Livia Chiu & Arnaud Mehl, 2016. "Network effects, homogeneous goods and international currency choice: New evidence on oil markets from an older era," Canadian Journal of Economics, Canadian Economics Association, vol. 49(1), pages 173-206, February.
    16. Cheng, Wenli & Zhang, Dingsheng, 2016. "How might the South be helped by Northern technology yet harmed by Northern money?," Economic Modelling, Elsevier, vol. 55(C), pages 83-91.
    17. Michele Cavallo & Cédric Tille, 2006. "Current account adjustment with high financial integration: a scenario analysis," Economic Review, Federal Reserve Bank of San Francisco, pages 31-45.
    18. Edwin L.-C. Lai & Xiangrong Yu, 2015. "Invoicing Currency in International Trade: An Empirical Investigation and Some Implications for the Renminbi," The World Economy, Wiley Blackwell, vol. 38(1), pages 193-229, January.
    19. Gust, Christopher J. & Sheets, Nathan, 2006. "The Adjustment of Global External Imbalances: Does Partial Exchange Rate Pass-Through to Trade Prices Matter?," International Finance Discussion Papers 850, Board of Governors of the Federal Reserve System (U.S.), revised Feb 2007.
    20. Miles Parker, 2016. "How exporters set prices: evidence from a large behavioural survey," Reserve Bank of New Zealand Discussion Paper Series DP2016/01, Reserve Bank of New Zealand.
    21. Agnès Bénassy-Quéré, 2015. "The euro as an international currency," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01163926, HAL.
    22. Beck, Roland & Weber, Sebastian, 2010. "Should larger reserve holdings be more diversified?," Working Paper Series 1193, European Central Bank.
    23. Richard Fabling & Lynda Sanderson, 2013. "Export performance, invoice currency, and heterogeneous exchange rate pass-through," Treasury Working Paper Series 13/03, New Zealand Treasury.
    24. Shekhar Hari Kumar & Ila Patnaik, 2018. "Internationalisation of the Rupee," Working Papers id:12551, eSocialSciences.
    25. Giancarlo Corsetti & Paolo Pesenti, 2015. "Endogenous Exchange-Rate Pass-Through and Self-Validating Exchange Rate Regimes," Central Banking, Analysis, and Economic Policies Book Series,in: Ricardo J. Caballero & Klaus Schmidt-Hebbel (ed.), Economic Policies in Emerging-Market Economies Festschrift in Honor of Vittorio Corbo, edition 1, volume 21, chapter 11, pages 229-261 Central Bank of Chile.
    26. Xiangyun Xu & Peng Guo, 2012. "Exchange rate appreciation expectation, importer's behavior and choice of invoicing currency: A theoretical model and Yen's empirical evidence," China Finance Review International, Emerald Group Publishing, vol. 2(3), pages 231-245, June.
    27. Margarida Duarte & Michael Dotsey, 2011. "How Important is the Currency Denomination of Exports in Open Economy Models?," 2011 Meeting Papers 380, Society for Economic Dynamics.
    28. Frank Hefner & Mark David Witte, 2016. "Does Leaving the Eurozone Mean Leaving the Euro?," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 22(3), pages 279-294, August.
    29. Patrick A. Imam, 2008. "Rapid Current Account Adjustments; Are Microstates Different?," IMF Working Papers 08/233, International Monetary Fund.
    30. Richard Fabling & Lynda Sanderson, 2013. "Export performance, invoice currency, and heterogeneous exchange rate pass-through," Reserve Bank of New Zealand Discussion Paper Series DP2013/01, Reserve Bank of New Zealand.
    31. Jose Manuel Campa & Linda S. Goldberg & Jose M. Gonzalez-Minguez, 2005. "Exchange rate pass-through to import prices in the Euro area," Staff Reports 219, Federal Reserve Bank of New York.
    32. Andrew Atkeson & Ariel Burstein, 2007. "Pricing-to-market, trade costs, and international relative prices," Working Paper Series 2007-26, Federal Reserve Bank of San Francisco.
    33. Nidhaleddine Ben Cheikh & Christophe Rault, 2015. "Recent Estimates of Exchange Rate Pass-Through to Import Prices in the Euro Area," CESifo Working Paper Series 5341, CESifo Group Munich.
    34. He, Qing & Korhonen, Iikka & Guo, Junjie & Liu, Fangge, 2016. "The geographic distribution of international currencies and RMB internationalization," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 442-458.
    35. Albuquerque, Rui & de Francisco, Eva & Marques, Luis, 2006. "Marketwide Private Information in Stocks: Forecasting Currency Returns," CEPR Discussion Papers 5604, C.E.P.R. Discussion Papers.
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    2. Nils Herger, 2015. "Market Entries and Exits and the Nonlinear Behaviour of the Exchange Rate Pass-Through into Import Prices," Open Economies Review, Springer, vol. 26(2), pages 313-332, April.
    3. Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2010. "Optimal monetary policy in open economies," Working Paper Series 2010-13, Federal Reserve Bank of San Francisco.
    4. Ehsan U. Choudhri & Dalia S. Hakura, 2014. "The Exchange Rate Pass-Through to Import and Export Prices: The Role of Nominal Rigidities and Currency Choice," Carleton Economic Papers 14-09, Carleton University, Department of Economics.
    5. Basher, Syed Abul & Elsamadisy, Elsayed Mousa, 2010. "Country Heterogeneity and Long-Run Determinants of Inflation in the Gulf Arab States," MPRA Paper 27348, University Library of Munich, Germany.
    6. Stewart Ngandu, 2008. "Exchange Rates And Employment," South African Journal of Economics, Economic Society of South Africa, vol. 76(s2), pages 205-221, August.
    7. Buzaushina, Almira & Enders, Zeno & Hoffmann, Mathias, 2015. "International financial market integration, asset compositions, and the falling exchange rate pass-through," Discussion Papers 17/2015, Deutsche Bundesbank.
    8. de Bandt, Olivier & Banerjee, Anindya & Kozluk, Tomasz, 2007. "Measuring Long-Run Exchange Rate Pass-Through," Economics Discussion Papers 2007-32, Kiel Institute for the World Economy (IfW).
    9. Ca' Zorzi, Michele & Hahn, Elke & Sánchez, Marcelo, 2007. "Exchange rate pass-through in emerging markets," Working Paper Series 739, European Central Bank.
    10. Ramón María-Dolores, 2008. "Exchange rate pass-through in new Member States and candidate countries of the EU," Working Papers 0822, Banco de España;Working Papers Homepage.
    11. Villas-Boas, Sofia B & Bonnet, Celine & Dubois, Pierre, 2013. "Empirical Evidence on the Role of Non Linear Wholesale Pricing and Vertical Restraints on Cost Pass-Through," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt61x6k2m7, Department of Agricultural & Resource Economics, UC Berkeley.
    12. Bussiére, Matthieu & Peltonen, Tuomas, 2008. "Exchange rate pass-through in the global economy : the role of emerging market economies," BOFIT Discussion Papers 25/2008, Bank of Finland, Institute for Economies in Transition.
    13. Campa, Jose Manuel & Gonzalez Minguez, Jose M & Sebastia Barriel, Maria, 2008. "Non-linear adjustment of import prices in the European Union," Bank of England working papers 347, Bank of England.
    14. Jose Manuel Campa & Linda S. Goldberg & Jose M. Gonzalez-Minguez, 2005. "Exchange rate pass-through to import prices in the Euro area," Staff Reports 219, Federal Reserve Bank of New York.
    15. Bogdan Cozmanca & Florentina Manea, 2009. "Exchange Rate Pass-Through into Romanian Price Indices: A VAR Approach," Advances in Economic and Financial Research - DOFIN Working Paper Series 34, Bucharest University of Economics, Center for Advanced Research in Finance and Banking - CARFIB.
    16. Linda S. Goldberg & Cedric Tille, 2006. "The internationalization of the dollar and trade balance adjustment," Staff Reports 255, Federal Reserve Bank of New York.
    17. Linda S. Goldberg & Cédric Tille, 2006. "The International Role of the Dollar and Trade Balance Adjustment," NBER Working Papers 12495, National Bureau of Economic Research, Inc.
    18. Anindya Banerjee & Josep Lluís Carrion-i-Silvestre, 2006. "Cointegration in Panel Data with Breaks and Cross-Section Dependence," Economics Working Papers ECO2006/5, European University Institute.
    19. Atolia, Manoj, 2007. "Trade liberalization and rising wage inequality in Latin America: Reconciliation with HOS theory," Journal of International Economics, Elsevier, vol. 71(2), pages 467-494, April.
    20. Georg H. Strasser, 2011. "Exchange Rate Pass-Through and Credit Constraints: Firms Price to Market as Long as They Can," Boston College Working Papers in Economics 788, Boston College Department of Economics, revised 13 Feb 2012.
    21. Davis, J. Scott & Huang, Kevin X.D., 2011. "International real business cycles with endogenous markup variability," Journal of International Economics, Elsevier, vol. 85(2), pages 302-316.
    22. Coudert, Virginie & Couharde, Cecile, 2007. "Real equilibrium exchange rate in China is the renminbi undervalued?," Journal of Asian Economics, Elsevier, vol. 18(4), pages 568-594, August.
    23. Tapiwa d. Karoro & Meshach j. Aziakpono & Nicolette Cattaneo, 2009. "Exchange Rate Pass-Through To Import Prices In South Africa: Is There Asymmetry?," South African Journal of Economics, Economic Society of South Africa, vol. 77(3), pages 380-398, September.
    24. Raphael A. Auer, 2015. "Exchange Rate Pass‐Through, Domestic Competition, and Inflation: Evidence from the 2005–08 Revaluation of the Renminbi," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(8), pages 1617-1650, December.
    25. Hernández de Cos, Pablo & de Castro Fernández, Francisco, 2006. "The economic effects of exogenous fiscal shocks in Spain: a SVAR approach," Working Paper Series 647, European Central Bank.
    26. Takatoshi Ito & Kiyotaka Sato, 2006. "Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through," Discussion papers 06018, Research Institute of Economy, Trade and Industry (RIETI).
    27. María Lorena Marí Del Cristo & Marta Gómez-Puig, 2013. "Pass-through in dollarized countries: should Ecuador abandon the US dollar?," Applied Economics, Taylor & Francis Journals, vol. 45(31), pages 4395-4411, November.
    28. Nidhaleddine Ben Cheikh & Christophe Rault, 2017. "Investigating First-Stage Exchange Rate Pass-Through: Sectoral and Macro Evidence from Euro Area Countries," CESifo Working Paper Series 6366, CESifo Group Munich.
    29. María-Dolores, Ramon, 2009. "How different is the exchange rate pass-through in new member states of the EU? Some potential explanatory factors," UMUFAE Economics Working Papers 4698, DIGITUM. Universidad de Murcia.
    30. Pierpaolo Benigno & Ester Faia, 2010. "Globalization, Pass-Through and Inflation Dynamic," NBER Working Papers 15842, National Bureau of Economic Research, Inc.
    31. Jose Manuel Campa & Linda S. Goldberg, 2006. "Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why?," NBER Working Papers 12547, National Bureau of Economic Research, Inc.
    32. Razafindrabe, Tovonony M., 2016. "A multi-country DSGE model with incomplete exchange rate pass-through: An application for the Euro-area," Economic Modelling, Elsevier, vol. 52(PA), pages 78-100.
    33. Linda S. Goldberg, 2005. "Trade invoicing in the accession countries: are they suited to the Euro?," Staff Reports 222, Federal Reserve Bank of New York.
    34. Óscar J. Arce & David López-Salido, 2006. "House Prices, Rents, and Interest Rates under Collateral Constraints," Working Papers 0610, Banco de España;Working Papers Homepage.
    35. Tommaso Mancini Griffoli, 2006. "Explaining the Euro's Effect on Trade? Interest Rates in an Augmented Gravity Equation," IHEID Working Papers 10-2006, Economics Section, The Graduate Institute of International Studies.
    36. Hahn, Elke, 2007. "The impact of exchange rate shocks on sectoral activity and prices in the euro area," Working Paper Series 796, European Central Bank.
    37. Tunç, Cengiz, 2017. "A Survey on Exchange Rate Pass through in Emerging Markets," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 2(3), pages 205-233, July-Sept.
    38. Shioji, Etsuro, 2015. "Time varying pass-through: Will the yen depreciation help Japan hit the inflation target?," Journal of the Japanese and International Economies, Elsevier, vol. 37(C), pages 43-58.
    39. Stahn Kerstin, 2011. "Changes in Import Pricing Behaviour: Evidence for Germany," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 231(4), pages 522-545, August.
    40. Kwack, Sung Yeung & Ahn, Choong Y. & Lee, Young S. & Yang, Doo Y., 2007. "Consistent estimates of world trade elasticities and an application to the effects of Chinese Yuan (RMB) appreciation," Journal of Asian Economics, Elsevier, vol. 18(2), pages 314-330, April.
    41. Wolfram Berger, 2010. "International Policy Coordination and Simple Monetary Policy Rules," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 146(II), pages 451-479, June.
    42. Carmen Astrid Romero, 2012. "El efecto transmisión del tipo de cambio en Colombia durante los años de la industrialización," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 30(67), pages 216-251, July.
    43. Ledenyov, Dimitri O. & Ledenyov, Viktor O., 2015. "Wave function method to forecast foreign currencies exchange rates at ultra high frequency electronic trading in foreign currencies exchange markets," MPRA Paper 67470, University Library of Munich, Germany.
    44. Sri Isnowati & Mulyo Budi Setiawan, 2017. "Exchange Rate Pass-through to Import Prices in Indonesia: Evidence Post Free Floating Exchange Rate," International Journal of Economics and Financial Issues, Econjournals, vol. 7(1), pages 323-328.
    45. Jiang, Jiadan & Kim, David, 2013. "Exchange rate pass-through to inflation in China," Economic Modelling, Elsevier, vol. 33(C), pages 900-912.
    46. Oleksandr Fàrynà, 2016. "Nonlinear Exchange Rate Pass-Through to Domestic Prices in Ukraine," Working Papers 01/2016, National Bank of Ukraine, Monetary Policy and Economic Analysis Department.
    47. Donayre, Luiggi & Panovska, Irina, 2016. "State-dependent exchange rate pass-through behavior," Journal of International Money and Finance, Elsevier, vol. 64(C), pages 170-195.
    48. Mototsugu Shintani & Akiko Terada-Hagiwara & Tomoyoshi Yabu, 2012. "Exchange rate pass-through and inflation: a nonlinear time series analysis," Vanderbilt University Department of Economics Working Papers 12-00008, Vanderbilt University Department of Economics.
    49. Rajmund Mirdala, 2014. "Exchange Rate Pass-Through to Domestic Prices under Different Exchange Rate Regimes," William Davidson Institute Working Papers Series wp1070, William Davidson Institute at the University of Michigan.
    50. Mirdala, Rajmund, 2009. "Exchange rate pass-through to domestic prices in the Central European countries," MPRA Paper 19282, University Library of Munich, Germany.
    51. Rajmund Mirdala, 2016. "Exchange Rate Pass-Through in the Euro Area," FIW Working Paper series 171, FIW.
    52. Ariel Burstein & Gita Gopinath, 2013. "International Prices and Exchange Rates," NBER Working Papers 18829, National Bureau of Economic Research, Inc.
    53. Forte, Antonio, 2009. "The pass-through effect: a twofold analysis," MPRA Paper 16527, University Library of Munich, Germany.
    54. Thorvardur Tjörvi Ólafsson, 2006. "The New Keynesian Phillips Curve: In Search of Improvements and Adaptation to the Open Economy," Economics wp31_tjorvi, Department of Economics, Central bank of Iceland.
    55. Fatma Marrakchi Charfi & Mohamed Kadria, 2016. "Incomplete Exchange Rate Pass-Through Transmission To Prices: An Svar Model For Tunisia," Annals of Financial Economics (AFE), World Scientific Publishing Co. Pte. Ltd., vol. 11(04), pages 1-23, December.
    56. Piotr MISZTAL, 2010. "The Phenomenon of Incomplete Exchange Rate Pass-Through to Prices in the Euro Area," EuroEconomica, Danubius University of Galati, issue 24, pages 36-47, March.
    57. Reddan, Paul & Rice, Jonathan, 2017. "Exchange Rate Pass-Through to Domestic Prices," Economic Letters 08/EL/17, Central Bank of Ireland.
    58. Scott Davis & Mario Crucini, 2013. "Distribution capital and the short- and long-run import demand elasticity," 2013 Meeting Papers 453, Society for Economic Dynamics.
    59. Haroon Mumtaz & Özlem Oomen & Jian Wang, 2006. "Exchange rate pass-through into UK import prices," Bank of England working papers 312, Bank of England.
    60. Campa, Jose M. & Gonzalez, Jose M. & Sebastia, Maria, 2008. "Non-linear adjustment of import prices in the European Union," IESE Research Papers D/734, IESE Business School.
    61. Mario Izquierdo & Aitor Lacuesta, 2006. "Wage inequality in Spain: recent developments," Working Papers 0615, Banco de España;Working Papers Homepage.
    62. Koopmans, Carl & Lieshout, Rogier, 2016. "Airline cost changes: To what extent are they passed through to the passenger?," Journal of Air Transport Management, Elsevier, vol. 53(C), pages 1-11.
    63. Salem M. Abo-Zaid, 2010. "Sticky Wages, Incomplete Pass-Through and Inflation Targeting: What is the Right Index to Target?," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 53(1), pages 28-58.
    64. Dieppe, Alistair & Warmedinger, Thomas, 2007. "Modelling intra- and extra-area trade substitution and exchange rate pass-through in the euro area," Working Paper Series 760, European Central Bank.
    65. Mihály Hajnal & György Molnár & Judit Várhegyi, 2015. "Exchange rate pass - through after the crisis: the Hungarian experience," MNB Occasional Papers 2015/121, Magyar Nemzeti Bank (Central Bank of Hungary).
    66. Burstein, Ariel & Gopinath, Gita, 2014. "International Prices and Exchange Rates," Handbook of International Economics, Elsevier.
    67. Granville, Brigitte & Mallick, Sushanta & Zeng, Ning, 2011. "Chinese exchange rate and price effects on G3 import prices," Journal of Asian Economics, Elsevier, vol. 22(6), pages 427-440.
    68. Jeremy Bulow & Paul Klemperer, 2012. "Regulated Prices, Rent Seeking, and Consumer Surplus," Journal of Political Economy, University of Chicago Press, vol. 120(1), pages 160-186.
    69. Waldyr Areosa & Marta Areosa, 2012. "The Signaling Effect of Exchange Rates: pass-through under dispersed information," Working Papers Series 282, Central Bank of Brazil, Research Department.
    70. Bussière, M. & Delle Chiaie, S. & Peltonen, T. A., 2013. "Exchange Rate Pass-Through in the Global Economy," Working papers 424, Banque de France.
    71. Siok Kun, Sek, 2009. "The impacts of economic structures on the performance of simple policy rules in a small open economy," MPRA Paper 25065, University Library of Munich, Germany.
    72. Roberto Álvarez & Patricio Jaramillo & Jorge Selaive, 2008. "Exchange Rate Pass-Through into Import Prices: The Case of Chile," Working Papers Central Bank of Chile 465, Central Bank of Chile.
    73. Paloma López-García & Sergio Puente, 2006. "Business demography in Spain: determinants of firm survival," Working Papers 0608, Banco de España;Working Papers Homepage.
    74. Rita Fleer & Barbara Rudolf & Mathias Zurlinden, 2016. "Price change dispersion and time-varying pass-through to consumer prices," Working Papers 2016-17, Swiss National Bank.
    75. Gita Gopinath, 2015. "The International Price System," NBER Working Papers 21646, National Bureau of Economic Research, Inc.
    76. Guney, Selin, 2015. "An Analysis of the Pass-Through of Exchange Rates in Tropical Forest Product Markets: A Smooth Transition Approach," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205107, Agricultural and Applied Economics Association;Western Agricultural Economics Association.
    77. Przystupa, Jan & Wróbel, Ewa, 2009. "Asymmetry of the exchange rate pass-through: An exercise on the Polish data," MPRA Paper 17660, University Library of Munich, Germany.
    78. Kristin Forbes, 2016. "Much Ado about Something Important: How do Exchange Rate Movements Affect Inflation?," Manchester School, University of Manchester, vol. 84(S1), pages 15-41, September.
    79. Ayako Saiki, 2011. "Exchange Rate Pass-Through and Monetary Integration in the Euro Area," DNB Working Papers 308, Netherlands Central Bank, Research Department.

  30. Linda S. Goldberg & Michael W. Klein, 2005. "Establishing Credibility: Evolving Perceptions of the European Central Bank," The Institute for International Integration Studies Discussion Paper Series iiisdp105, IIIS.

    Cited by:

    1. Alan S. Blinder & Michael Ehrmann & Marcel Fratzscher & Jakob de Haan & David-Jan Jansen, 2008. "Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence," DNB Working Papers 170, Netherlands Central Bank, Research Department.
    2. Gruener Hans Peter & Hayo Bernd & Hefeker Carsten, 2009. "Unions, Wage Setting and Monetary Policy Uncertainty," The B.E. Journal of Macroeconomics, De Gruyter, vol. 9(1), pages 1-25, October.
    3. Meredith J. Beechey & Jonathan H. Wright, 2008. "The high-frequency impact of news on long-term yields and forward rates: Is it real?," Finance and Economics Discussion Series 2008-39, Board of Governors of the Federal Reserve System (U.S.).
    4. Ehrmann, Michael & Eijffinger, Sylvester & Fratzscher, Marcel, 2010. "The role of central bank transparency for guiding private sector forecasts," Working Paper Series 1146, European Central Bank.
    5. Richard Clarida & Daniel Waldman, 2007. "Is Bad News About Inflation Good News for the Exchange Rate?," NBER Working Papers 13010, National Bureau of Economic Research, Inc.
    6. Carsten Hefeker, 2006. "The monetary policy consequences of enlargement," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(4), pages 29-34, December.
    7. Carsten Hefeker & Blandine Zimmer, 2010. "Central bank independence and conservatism under uncertainty: Substitutes or complements?," MAGKS Papers on Economics 201001, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    8. Ehrmann, Michael & Fratzscher, Marcel & Swanson, Eric & Gürkaynak, Refet S., 2007. "Convergence and anchoring of yield curves in the euro area," Working Paper Series 817, European Central Bank.
    9. P. Siklos, M. Bohl, 2006. "Policy Words and Policy Deeds: The ECB and the Euro," Working Papers eg0050, Wilfrid Laurier University, Department of Economics, revised 2006.
    10. Tronzano, Marco, 2009. "Assessing the Volatility of the Euro on Foreign Exchange Markets: Further Empirical Evidence and Policy Implications," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 62(1), pages 103-131.
    11. Carsten Hefeker & Blandine Zimmer, 2008. "Uncertainty and Fiscal Policy in an Asymmetric Monetary Union," CESifo Working Paper Series 2389, CESifo Group Munich.
    12. Marcel Fratzscher, 2008. "US shocks and global exchange rate configurations," Economic Policy, CEPR;CES;MSH, vol. 23, pages 363-409, April.
    13. Andrea Beccarini, 2017. "Verifying time inconsistency of the ECB monetary policy by means of a regime-switching approach," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 44(2), pages 203-227, May.
    14. Carsten Hefeker, 2006. "EMU Enlargement, Policy Uncertainty and Economic Reforms," CESifo Working Paper Series 1767, CESifo Group Munich.
    15. Carsten Hefeker, 2011. "Policy Uncertainty and Economic Reforms in a Monetary Union," German Economic Review, Verein für Socialpolitik, vol. 12(3), pages 274-285, August.
    16. Macedo, Jorge Braga de & Pereira, Luis Brites, 2006. "The Credibility of Cabo Verde’s Currency Peg," FEUNL Working Paper Series wp494, Universidade Nova de Lisboa, Faculdade de Economia.
    17. Breedon, Francis & Hume, Michael, 2007. "Does the European Central Bank have a credibility problem?," Economics Letters, Elsevier, vol. 95(3), pages 438-442, June.
    18. Jorge Braga de Macedo & Luis Pereira & Afonso Reis, 2009. "Comparing Exchange Market Pressure across Five African Countries," Open Economies Review, Springer, vol. 20(5), pages 645-682, November.
    19. Jonathan H. Wright, 2008. "Term premiums and inflation uncertainty: empirical evidence from an international panel dataset," Finance and Economics Discussion Series 2008-25, Board of Governors of the Federal Reserve System (U.S.).

  31. Linda S. Goldberg, 2004. "Financial-sector foreign direct investment and host countries: new and old lessons," Staff Reports 183, Federal Reserve Bank of New York.

    Cited by:

    1. Mirdala, Rajmund, 2010. "Monetary aspects of short-term capital inflows in the Central European Countries," MPRA Paper 27649, University Library of Munich, Germany.
    2. Marc Ruhr & Michael Ryan, 2005. "“Following” or “attracting” the customer? Japanese Banking FDI in Europe," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 33(4), pages 405-422, December.
    3. M. Ayhan Kose & Eswar Prasad & Kenneth S. Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," NBER Working Papers 12484, National Bureau of Economic Research, Inc.
    4. Eswar S. Prasad, 2009. "India’s Approach to Capital Account Liberalization," Working Papers id:2043, eSocialSciences.
    5. Daniel Esteban Osorio Rodríguez & Mauricio Avella Gómez, 2005. "The Ciclical Behavior Of External Indebtedness: The Case Of Foreign And Domestic Banks In Colombia," BORRADORES DE ECONOMIA 003571, BANCO DE LA REPÚBLICA.
    6. Eswar S. Prasad, 2009. "Some New Perspectives on India's Approach to Capital Account Liberalization," NBER Working Papers 14658, National Bureau of Economic Research, Inc.
    7. Behnaz Heidarzadeh & Mohammad Nabi Shahiki Tash, 2013. "Investigating the Impact of Market Power on Foreign Direct Investment Absorption in Concentrated and Unconcentrated Industries in Iran," International Journal of Financial Economics, Research Academy of Social Sciences, vol. 1(2), pages 67-75.
    8. Prasad, Eswar & Rajan, Raghuram G., 2008. "A Pragmatic Approach to Capital Account Liberalization," IZA Discussion Papers 3475, Institute for the Study of Labor (IZA).
    9. Chantal Herberholz, 2008. "The Foreign Bank Effect On Value Creation In Commercial Banks Incorporated In Thailand," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 53(02), pages 215-244.
    10. Ahmad Bello Dogarawa, 2011. "Chronology of banking reforms in Nigeria: A survey of past and present theoretical and empirical literature," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 19(4), pages 370-382, November.
    11. Mirdala, Rajmund, 2011. "Financial Integration and Economic Growth in the European Transition Economies," MPRA Paper 36695, University Library of Munich, Germany.
    12. Prasad, Eswar, 2009. "India's Approach to Capital Account Liberalization," IZA Discussion Papers 3927, Institute for the Study of Labor (IZA).

  32. Linda Goldberg, 2004. "Financial-Sector FDI and Host Countries: New and Old Lessons," NBER Working Papers 10441, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jansen, Marion, 2006. "Services Trade Liberalization at the Regional Level: Does Southern and Eastern Africa Stand to Gain from EPA Negotiations?," CEPR Discussion Papers 5800, C.E.P.R. Discussion Papers.
    2. Frederic Mishkin, 2005. "Is Financial Globalization Beneficial?," NBER Working Papers 11891, National Bureau of Economic Research, Inc.
    3. Lehner, Maria & Schnitzer, Monika, 2008. "Entry of foreign banks and their impact on host countries," Munich Reprints in Economics 19238, University of Munich, Department of Economics.
    4. Friederike Niepmann, 2012. "Banking across borders," Staff Reports 576, Federal Reserve Bank of New York.
    5. Temesvary, Judit & Ongena, Steven & Owen, Ann L., 2018. "A global lending channel unplugged? Does U.S. monetary policy affect cross-border and affiliate lending by global U.S. banks?," Journal of International Economics, Elsevier, vol. 112(C), pages 50-69.
    6. Buch, Claudia M. & Koch, Cathérine Tahmee & Koetter, Michael, 2009. "Margins of international banking: is there a productivity pecking order in banking, too?," Discussion Paper Series 2: Banking and Financial Studies 2009,12, Deutsche Bundesbank.
    7. Nicola Cetorelli & Linda S. Goldberg, 2006. "Risks in U.S. bank international exposures," Staff Reports 240, Federal Reserve Bank of New York.
    8. Király, Júlia, 2016. "A magyar bankrendszer tulajdonosi struktúrájának átalakulása
      [Transformation of the ownership structure of the Hungarian banking system]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 725-761.
    9. Kozo Kiyota & Barbara Peitsch & Robert M. Stern, 2007. "The Case for Financial Sector Liberalization in Ethiopia," Working Papers 567, Research Seminar in International Economics, University of Michigan.
    10. Owen, Ann L. & Temesvary, Judit, 2014. "Heterogeneity in the growth and finance relationship: How does the impact of bank finance vary by country and type of lending?," International Review of Economics & Finance, Elsevier, vol. 31(C), pages 275-288.
    11. Linda S Goldberg, 2009. "Understanding Banking Sector Globalization," IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 171-197, April.
    12. Ramon Moreno & Agustin Villar, 2005. "The increased role of foreign bank entry in emerging markets," BIS Papers chapters,in: Bank for International Settlements (ed.), Globalisation and monetary policy in emerging markets, volume 23, pages 9-16 Bank for International Settlements.
    13. M. Hassan & Benito Sanchez & Geoffrey Ngene & Ali Ashraf, 2012. "Financial Liberalization and Foreign Bank Entry on the Domestic Banking Performance in MENA Countries," African Development Review, African Development Bank, vol. 24(3), pages 195-207.
    14. Beatriz de Blas & Katheryn Russ, 2010. "FDI in the Banking Sector," Working Papers 108, University of California, Davis, Department of Economics.
    15. Focarelli, Dario & Pozzolo, Alberto Franco, 2008. "Cross-border M&As in the financial sector: Is banking different from insurance," Journal of Banking & Finance, Elsevier, vol. 32(1), pages 15-29, January.
    16. Nicola Cetorelli & Linda S. Goldberg, 2009. "Globalized banks: lending to emerging markets in the crisis," Staff Reports 377, Federal Reserve Bank of New York.
    17. Bahadir, Berrak & Valev, Neven, 2015. "Financial development convergence," Journal of Banking & Finance, Elsevier, vol. 56(C), pages 61-71.
    18. Temesvary, Judit & Banai, Adam, 2017. "The drivers of foreign bank lending in Central and Eastern Europe: The roles of parent, subsidiary and host market traits," Journal of International Money and Finance, Elsevier, vol. 79(C), pages 157-173.
    19. Sasidaran Gopalan, 2015. "Financial Liberalization and Foreign Bank Entry in Emerging and Developing Economies: What Does the Literature Tell Us?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 1-25.
    20. Xu, Ying, 2011. "Towards a more accurate measure of foreign bank entry and its impact on domestic banking performance: The case of China," Journal of Banking & Finance, Elsevier, vol. 35(4), pages 886-901, April.
    21. Alberto Franco Pozzolo, 2008. "Bank cross-border mergers and acquisitions (Causes, consequences and recent trends)," Mo.Fi.R. Working Papers 9, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    22. Jeon, Bang & Wu, Ji & Chen, Minghua & Wang, Rui, 2016. "Does foreign bank penetration affect the risk of domestic banks? Evidence from emerging economies," School of Economics Working Paper Series 2016-14, LeBow College of Business, Drexel University.
    23. Philip R. Lane, 2008. "EMU and Financial Integration," The Institute for International Integration Studies Discussion Paper Series iiisdp272, IIIS.
    24. Davies, Ronald B. & Killeen, Neill, 2015. "Location Decisions of Non-Bank Financial Foreign Direct Investment: Firm-Level Evidence from Europe," Research Technical Papers 04/RT/15, Central Bank of Ireland.
    25. Tao Li & Xingqiang He & Kaiguo Zhou, 2009. "Resident’s comparative assessment on domestic versus foreign financial institutions: Evidence from nine cities in China," Frontiers of Economics in China, Springer;Higher Education Press, vol. 4(1), pages 76-96, March.
    26. Robert A. Eisenbeis & George G. Kaufman, 2007. "Cross-border banking: challenges for deposit insurance and financial stability in the European Union," FRB Atlanta Working Paper 2006-15, Federal Reserve Bank of Atlanta.
    27. de Blas, Beatriz & Russ, Katheryn Niles, 2013. "All banks great, small, and global: Loan pricing and foreign competition," International Review of Economics & Finance, Elsevier, vol. 26(C), pages 4-24.
    28. Haouat, Meriem & Moccero, Diego Nicolas & Sosa Navarro, Ramiro, 2010. "Foreign Banks and Credit Volatility: The Case of Latin American Countries," MPRA Paper 22991, University Library of Munich, Germany.
    29. Linda S. Goldberg, 2005. "The International Exposure of U.S. Banks," NBER Working Papers 11365, National Bureau of Economic Research, Inc.
    30. Guisan, Maria-Carmen & Aguayo, Eva, 2007. "Desarrollo Economico De America Latina En 2000-2005: Industria, Comercio Exterior E Inversion," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 7(1), pages 5-24.
    31. Van Tassel, Eric & Vishwasrao, Sharmila, 2007. "Asymmetric information and the mode of entry in foreign credit markets," Journal of Banking & Finance, Elsevier, vol. 31(12), pages 3742-3760, December.
    32. Ghosh, Chinmoy & Harding, John & Phani, B.V., 2008. "Does liberalization reduce agency costs? Evidence from the Indian banking sector," Journal of Banking & Finance, Elsevier, vol. 32(3), pages 405-419, March.
    33. Yuko Kinoshita, 2011. "Sectoral Composition of Foreign Direct Investment and External Vulnerability in Eastern Europe," IMF Working Papers 11/123, International Monetary Fund.
    34. Ricardo Correa, 2008. "Cross-border bank acquisitions: Is there a performance effect?," International Finance Discussion Papers 922, Board of Governors of the Federal Reserve System (U.S.).
    35. Manlagñit, Maria Chelo V., 2011. "The economic effects of foreign bank presence: Evidence from the Philippines," Journal of International Money and Finance, Elsevier, vol. 30(6), pages 1180-1194, October.
    36. Mishkin, Frederic S., 2009. "Globalization and financial development," Journal of Development Economics, Elsevier, vol. 89(2), pages 164-169, July.
    37. Frederic S Mishkin, 2009. "Why We Shouldn't Turn Our Backs on Financial Globalization," IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 139-170, April.
    38. de Blas, Beatriz & Russ, Katheryn Niles, 2013. "Hymer's multinationals," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 381-392.
    39. Kouretas, Georgios P. & Tsoumas, Chris, 2016. "Foreign bank presence and business regulations," Journal of Financial Stability, Elsevier, vol. 24(C), pages 104-116.
    40. Claudia M. Buch & Gayle L. DeLong, 2008. "Banking Globalization: International Consolidation and Mergers in Banking," IAW Discussion Papers 38, Institut für Angewandte Wirtschaftsforschung (IAW).

  33. Campa, José Manuel & Goldberg, Linda S., 2004. "Exchange Rate Pass-Through into Import Prices," CEPR Discussion Papers 4391, C.E.P.R. Discussion Papers.

    Cited by:

    1. Bonadio, Barthélémy & Fischer, Andreas M & Sauré, Philip, 2016. "The speed of the exchange rate pass-through," CEPR Discussion Papers 11195, C.E.P.R. Discussion Papers.
    2. Mario J. Crucini & Anthony Landry, 2012. "Accounting for Real Exchange Rates Using Micro-data," NBER Working Papers 17812, National Bureau of Economic Research, Inc.
    3. Jamel JOUINI & Karim BARHOUMI, 2008. "Revisiting the decline in the exchange rate pass-through: further evidence from developing countries," Economics Bulletin, AccessEcon, vol. 3(20), pages 1-10.
    4. Özyurt, Selin, 2016. "Has the exchange rate pass through recently declined in the euro area?," Working Paper Series 1955, European Central Bank.
    5. Burstein, Ariel Tomas & Eichenbaum, Martin & Rebelo, Sérgio, 2004. "Large Devaluations and the Real Exchange Rate," CEPR Discussion Papers 4810, C.E.P.R. Discussion Papers.
    6. Corsetti, Giancarlo & Dedola, Luca & Leduc, Sylvain, 2005. "DSGE Models of High Exchange-Rate Volatility and Low Pass-Through," CEPR Discussion Papers 5377, C.E.P.R. Discussion Papers.
    7. Mykhaylova Olena & Staveley-O’Carroll James, 2014. "International transmission of productivity shocks with nonzero net foreign debt," The B.E. Journal of Macroeconomics, De Gruyter, vol. 14(1), pages 1-46, January.
    8. Mihailov, Alexander, 2003. "Exchange Rate Pass-Through on Prices in Macrodata: A Comparative Sensitivity Analysis," Economics Discussion Papers 8867, University of Essex, Department of Economics.
    9. Antonia Lopez-Villavicencio & Valérie Mignon, 2016. "Exchange Rate Pass-through in Emerging Countries: Do the Inflation Environment, Monetary Policy Regime and Institutional Quality Matter?," Working Papers 2016-07, CEPII research center.
    10. Linda S. Goldberg & Cedric Tille, 2005. "Vehicle Currency Use in International Trade," NBER Working Papers 11127, National Bureau of Economic Research, Inc.
    11. Dennis, Richard & Leitemo, Kai & Söderström, Ulf, 2007. "Monetary Policy in a Small Open Economy with a Preference for Robustness," CEPR Discussion Papers 6067, C.E.P.R. Discussion Papers.
    12. Stahn, Kerstin, 2009. "Changes in import pricing behaviour: the case of Germany," Discussion Paper Series 1: Economic Studies 2009,14, Deutsche Bundesbank.
    13. Reginaldo P. Nogueira Jnr, 2006. "Inflation Targeting and the Role of Exchange Rate Pass-through," Studies in Economics 0602, School of Economics, University of Kent.
    14. Nils Herger, 2012. "Exchange Rates and Import Prices in Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 148(III), pages 381-407, September.
    15. Nils Herger, 2015. "Market Entries and Exits and the Nonlinear Behaviour of the Exchange Rate Pass-Through into Import Prices," Open Economies Review, Springer, vol. 26(2), pages 313-332, April.
    16. Kenneth Rogoff & William Brainard & George Perry, "undated". "Global Current Account Imbalances and Exchange Rate Adjustments," Working Paper 33687, Harvard University OpenScholar.
    17. Goldberg, Linda & Tille, Cédric, 2009. "Macroeconomic interdependence and the international role of the dollar," Journal of Monetary Economics, Elsevier, vol. 56(7), pages 990-1003, October.
    18. Stephane Dees & Matthias Burgert & Nicolas Parent, 2008. "Import Price Dynamics in Major Advanced Economies and Heterogeneity in Exchange Rate Pass-Through," Staff Working Papers 08-39, Bank of Canada.
    19. Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2010. "Optimal monetary policy in open economies," Working Paper Series 2010-13, Federal Reserve Bank of San Francisco.
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    2. Jamel JOUINI & Karim BARHOUMI, 2008. "Revisiting the decline in the exchange rate pass-through: further evidence from developing countries," Economics Bulletin, AccessEcon, vol. 3(20), pages 1-10.
    3. Reginaldo P. Nogueira Jnr, 2006. "Inflation Targeting and the Role of Exchange Rate Pass-through," Studies in Economics 0602, School of Economics, University of Kent.
    4. Stahn, Kerstin, 2009. "Changes in import pricing behaviour: the case of Germany," Discussion Paper Series 1: Economic Studies 2009,14, Deutsche Bundesbank.
    5. Bouakez, Hafedh & Rebei, Nooman, 2008. "Has exchange rate pass-through really declined? Evidence from Canada," Journal of International Economics, Elsevier, vol. 75(2), pages 249-267, July.
    6. Tovonony Razafindrabe, 2017. "Nonlinearity and asymmetry in the exchange rate pass-through: What role for nominal price stickiness?," Review of International Economics, Wiley Blackwell, vol. 25(4), pages 711-732, September.
    7. Yothin Jinjarak, 2004. "On the hidden links between financing costs and international trade patterns," Econometric Society 2004 Far Eastern Meetings 501, Econometric Society.
    8. Hali J Edison & Francis Vitek, 2009. "Australia and New Zealand Exchange Rates; A Quantitative Assessment," IMF Working Papers 09/7, International Monetary Fund.
    9. Charles Engel, 2002. "Expenditure Switching and Exchange Rate Policy," NBER Working Papers 9016, National Bureau of Economic Research, Inc.
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