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首页> 外文期刊>International Journal of Financial Studies >Net Interoffice Accounts of Global Banks: The Role of Domestic Funding
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Net Interoffice Accounts of Global Banks: The Role of Domestic Funding

机译：全球银行的部门间净账户：国内资金的作用

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Existing literature has identified domestic restrictive monetary policy and deteriorating funding conditions as the predominant factors explaining the increase in net interoffice accounts of global banks, that is, the net liabilities of parent offices due to their related foreign offices. The purpose of this research is twofold. Firstly, it quantifies the responsiveness of net interoffice accounts to variations in different types of domestic funding. Secondly, the paper assesses whether the relationship between net interoffice accounts and domestic policy-steered rates depends on cross-sectional differences in the funding structure of global banks. Using US banks’ balance sheets data collected by the Federal Financial Institutions Examination Council, the results highlight the importance of domestic repo borrowings in explaining net interoffice accounts, especially for larger banks during the crisis. On the other hand, 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.
机译：现有文献已将国内限制性货币政策和不断恶化的融资条件确定为解释全球银行办公室间净帐户（即，由于其相关外国办事处而导致的母公司净负债）增加的主要因素。这项研究的目的是双重的。首先，它量化了部门间净账户对不同类型国内资金变化的响应能力。其次，本文评估了部门间净账户与国内政策控制利率之间的关系是否取决于全球银行融资结构的横截面差异。使用美国联邦金融机构检查委员会（Federal Financial Institutions Examination Council）收集的美国银行资产负债表数据，结果强调了国内回购借贷在解释办公室间净账户方面的重要性，尤其是在危机期间对大型银行而言。另一方面，只有回购借贷份额较高的那些全球银行才观察到政策利率与部门间净账户之间的负相关关系。

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