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US vs. euro area: Who drives cross-border bank lending to EMs?

This paper analyzes the drivers of cross-border bank lending to 49 Emerging Markets (EMs) during the period 1990Q1–2014Q4, by assessing the impact of monetary, financial and real sector shocks in both the US and the euro area. The literature has traditionally highlighted the influence of US monetary...

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Detalles Bibliográficos
Autores principales: Cerutti, Eugenio, Osorio-Buitron, Carolina
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7351668/
https://www.ncbi.nlm.nih.gov/pubmed/32834473
http://dx.doi.org/10.1016/j.jjie.2020.101090