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
- Publisher: Hungarian Academy of Sciences, Institute of Economics, Centre for Economic and Regional Studies Budapest
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
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...