TY - JOUR AU - Rapih, Subroto AB - We explore the relationship between US bank claims and European bank claims on Emerging Market Economies (EMEs) and the level of shadow banking assets in 11 major EMEs over the 18-year period spanning 2002–2019. By using a fixed-effects panel model, we find that cross-border bank flows from US banks and European banks have different effects on shadow banking assets in EMEs. Whereas US bank claims on EMEs have a positive impact on the level of shadow banking assets in EMEs, European bank claims on EMEs are significantly negatively related to the level of shadow banking in EMEs. TI - The US vs. the EU: cross-border bank flows’ origin factor and shadow banking in emerging market economies JF - Applied Economics Letters DO - 10.1080/13504851.2021.1926902 DA - 2022-08-16 UR - https://www.deepdyve.com/lp/taylor-francis/the-us-vs-the-eu-cross-border-bank-flows-origin-factor-and-shadow-U1mdYPNQqO SP - 1266 EP - 1270 VL - 29 IS - 14 DP - DeepDyve ER -