Template-Type: ReDIF-Book 1.0
Author-Name: Egemen Eren
Author-Name: Philip Wooldridge
Title: The role of non-bank financial institutions in cross-border spillovers
Provider-Name: Bank for International Settlements
Abstract: The growing presence of non-bank financial institutions (NBFIs) helps to develop financial markets, yet it can also impact a country’s vulnerability to cross-border spillovers. The risk of cross-border spillovers is especially acute for NBFIs’ dollar positions. Other potential sources of spillovers include currency and liquidity mismatches on NBFIs’ balance sheets, NBFIs’ use of leverage, and herding. Evidence about whether the greater involvement of NBFIs has aggravated the procyclicality and intensity of cross-border spillovers is mixed.
Creation-Date: 2022-12
Year: 2022
Month: December
File-URL: http://www.bis.org/publ/bppdf/bispap129.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: http://www.bis.org/publ/bppdf/bispap129.htm
File-Format: text/html
ISBN: 978-92-9259-616-3
Number: 129
Handle: RePEc:bis:bisbps:129