In Lands of Foreign Currency Credit, Bank Lending Channels Run Through? The Effects of Monetary Policy at Home and Abroad on the Currency Denomination of the Supply of Credit

Research, Preprint OPEN
Steven Ongena ; Ibolya Schindele ; Dzsamila Vonnak (2014)
  • Publisher: Hungarian Academy of Sciences, Institute of Economics, Centre for Economic and Regional Studies Budapest
  • Subject: E51 | foreign currency lending | G21 | bank balance-sheet channel, monetary policy, foreign currency lending | bank balance-sheet channel | Bank balance-sheet channel,monetary policy,foreign currency lending | F3 | monetary policy
    • jel: jel:E51 | jel:F3 | jel:G21
      ddc: ddc:330

We analyze the differential impact of domestic and foreign monetary policy on the local supply of bank credit in domestic and foreign currencies. We analyze a novel, supervisory dataset from Hungary that records all bank lending to firms including its currency denominat... View more
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