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Will Capital Flows through Global Banks Support Economic Recovery?

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Abstract

While policymakers around the world have aggressively and swiftly reacted to the common negative economic shock from COVID-19, the timing and forms of policy responses in the economic recovery stage may be more geographically differentiated. The range in policy responses, along with variations in the financial health of banks, likely will affect the flow of international credit through global banks. In this post, we ask whether, based on historical precedent, global banks are likely to provide additional support to the economic recovery in the locations they serve.

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  • Claudia M. Buch & Matthieu Bussiere & Linda S. Goldberg, 2021. "Will Capital Flows through Global Banks Support Economic Recovery?," Liberty Street Economics 20210301, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:90038
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    File URL: https://libertystreeteconomics.newyorkfed.org/2021/03/claudia-m-buch-matthieu-bussi%C3%A8re-and-linda-s-goldberg-while-policymakers-around-the-world-have-aggressively-and-s.html
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    More about this item

    Keywords

    global banks; international capital flows; COVID-19; recovery; spillovers;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • I1 - Health, Education, and Welfare - - Health
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • F3 - International Economics - - International Finance

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