This paper uses loan-level data from 124 countries over 1995–2015 to examine the transmission of monetary policy through the cross-border syndicated loan market. The results show that the expansion of monetary policy increases cross-border credit supply especially to weaker firms. However, greater foreign bank presence in the borrower country appears to reduce the potentially destabilizing impact of lower policy interest rates on cross-border lending...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2017/01/09
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Рабочий документ в рамках исследования вопросов политики
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WPS7937
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1
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1
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2017/01/09
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Disclosed
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Foreign banks and international transmission of monetary policy : evidence from the syndicated loan market
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monetary policy
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