Net interoffice accounts of global banks: the role of domestic funding

D’Avino, C.
Authors registered in the RePEc Author Service: Carmela D'Avino

Abstract: Using US banks' balance sheet data, this paper examines the responsiveness of net interoffice accounts, that is, the net liabilities of parent offices due to their foreign-related offices, to variations in different types of domestic funding. Furthermore, it investigates whether the relationship between net interoffice accounts and domestic policy-steered rates depends on cross-sectional differences in the funding structure of global banks. Estimation results suggest that domestic interbank and repo borrowings are important drivers of net interoffice accounts, the latter being significant during the crisis period. A negative relationship between policy rates and net interoffice accounts is observed only for those global banks with a relatively higher share of repo borrowings.

Keywords: US global banks; net interoffice accounts; funding. (search for similar items in EconPapers)
JEL-codes: E58 F34 G21 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013
New Economics Papers: this item is included in nep-acc, nep-ban and nep-mac
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Related works:
Journal Article: Net Interoffice Accounts of Global Banks: The Role of Domestic Funding (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:448

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