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US banks’ international balance sheet linkages: a data survey

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  • Carmela D’Avino

Abstract

Purpose - The purpose of this paper is to shed further light on international financial linkages created by banks. Typically, the larger the balance sheet exposure a bank has to a counterparty country, the more will be both its risk exposure and sensibility to shocks to this latter. The latest crisis has revealed the importance of filling the existing data gaps which hinder a full understanding of the geographical composition of banks’ balance sheet on a global basis. Design/methodology/approach - This paper, by focusing on US banks, reviews existing data on bilateral foreign positions on both a consolidated and an unconsolidated basis. Findings - The investigation stresses the extent to which new data enhancements are going to enable to a better understanding of the global banking system and discusses other data limitations and gaps which should be addressed. In particular, policy recommendations point to the need to collect more detailed foreign offices-related statistics. Originality/value - This is the first attempt in the literature to discuss data availability, limitations and policy suggestions regarding international bilateral banking statistics in the USA.

Suggested Citation

  • Carmela D’Avino, 2016. "US banks’ international balance sheet linkages: a data survey," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 8(4), pages 514-531, November.
    • Handle: RePEc:eme:jfeppp:jfep-02-2016-0015
    DOI: 10.1108/JFEP-02-2016-0015
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    References listed on IDEAS

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    1. 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 Chapters, in: Risk Topography: Systemic Risk and Macro Modeling, pages 235-260, National Bureau of Economic Research, Inc.
    2. 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.
    3. Mr. Gian M Milesi-Ferretti & Ms. Natalia T. Tamirisa & Mr. Francesco Strobbe, 2010. "Bilateral Financial Linkages and Global Imbalances: a View on The Eve of the Financial Crisis," IMF Working Papers 2010/257, International Monetary Fund.
    4. Nicola Cetorelli & Linda S Goldberg, 2011. "Global Banks and International Shock Transmission: Evidence from the Crisis," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(1), pages 41-76, April.
    5. Patrick McGuire & Philip Wooldridge, 2005. "The BIS consolidated banking statistics: structure, uses and recent enhancements," BIS Quarterly Review, Bank for International Settlements, September.
    6. Philip R. Lane & Gian Maria Milesi-Ferretti, 2011. "Cross-Border Investment in Small International Financial Centres," International Finance, Wiley Blackwell, vol. 14(2), pages 301-330, June.
    7. Mr. Eugenio M Cerutti, 2013. "Banks’ Foreign Credit Exposures and Borrowers’ Rollover Risks Measurement, Evolution and Determinants," IMF Working Papers 2013/009, International Monetary Fund.
    8. Ingo Fender & Patrick McGuire, 2010. "Bank structure, funding risk and the transmission of shocks across countries: concepts and measurement," BIS Quarterly Review, Bank for International Settlements, September.
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    More about this item

    Keywords

    International finance; Financial economics; US global banks; Bilateral exposure; F33; F34;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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