MARC Record from Scriblio

LEADER: 02157cam 22003137a 4500
001 2005616549
003 DLC
005 20050310103917.0
007 cr |||||||||||
008 050222s2001 nyu sb f000 0 eng
010 $a 2005616549
040 $aDLC$cDLC
043 $an-us---$ad------
050 00 $aHB1
100 1 $aGoldberg, Linda S.
245 10 $aWhen is U.S. bank lending to emerging markets volatile?$h[electronic resource] /$cLinda S. Goldberg.
260 $a[New York, N.Y.] :$bFederal Reserve Bank of New York,$c[2001]
490 1 $aStaff reports ;$vno. 119
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 2/22/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Using bank-specific data on U.S. bank claims on individual foreign countries since the mid-1980s, this paper (1) characterizes the size and portfolio diversification patterns of the U.S. banks engaging in foreign lending, and (2) econometrically explores the determinants of fluctuations in U.S. bank claims on a broad set of countries. U.S. bank claims on Latin American and Asian emerging markets, and on industrialized countries, are sensitive to U.S. macroeconomic conditions. When the United States grows rapidly, there is substitution between claims on industrialized countries and claims on the United States. The pattern of response of claims on emerging markets to U.S. conditions differs across banks of different sizes and across emerging market regions. Moreover, we find that, unlike U.S. bank claims on industrialized countries, claims on emerging markets are not highly sensitive to local country GDP and interest rates"--Federal Reserve Bank of New York web site.
650 0 $aLoans, American$zDeveloping countries$vEconometric models.
650 0 $aBank investments$zDeveloping countries.
710 2 $aFederal Reserve Bank of New York.
830 0 $aStaff reports (Federal Reserve Bank of New York : Online) ;$vno. 119.
856 40 $uhttp://www.ny.frb.org/research/staff_reports/sr119.html