Search Results
Journal Article
The role of banks in the international financial system
Discussion Paper
International banking facilities and the eurodollar market
Working Paper
International banking facilities
The Federal Reserve Board permitted banking offices located in the United States to establish International Banking Facilities (IBFs) beginning in December 1981. The purpose was to allow these banking offices to conduct a deposit and loan business with foreign residents, including foreign banks, without being subject to reserve requirements or to the interest rate ceilings then in effect. IBFs are also exempt from the insurance coverage and assessments imposed by the Federal Deposit Insurance Corporation. In addition, a number of states have encouraged banking institutions to establish IBFs ...
Conference Paper
The role of foreign banks in domestic banking markets
Working Paper
The determinants of the growth of multinational banking organizations: 1972-86
The paper develops an empirical model to explain growth of total assets of a sample of the world's largest banks. The model was estimated over a period in which U.S. banks' assets grew less rapidly than the assets of large banks headquartered in other industrial countries. The model provides an estimate of the banks' allocation between home currency and foreign currency assets which allows an estimate of the impact of exchange rate exchanges on bank asset growth. ; The results of the model suggest that no single economic variable explains the faster growth of non-U.S. banks. Changes in real ...
Working Paper
A simple simulation model of international bank lending
The paper develops a simple simulation model of international bank lending to test the extent to which targeting of fixed shares in the stock of total bank claims on a borrower can make lending flows unstable. The model is based on three distinct types of lending strategies: potentially volatile lending by one group of banks with limited long-term commitment to international lending; the targeting of a given share of the total lending market; and lending based on an assessment of the borrower's creditworthiness. ; The results of the model's simulations suggest that lending flows can become ...
Working Paper
The U.S. activities of foreign banks: an analytic survey