Fabiani, Andrea; López-Piñeros, Martha; Peydró, … - In: Journal of International Economics 139 (2022) November 2022, pp. --
We study how capital controls and domestic macroprudential policy tame credit supply booms, either directly or by enhancing the local bank-lending channel of monetary policy. We exploit credit registry data and the introduction of capital controls on foreign exchange (FX) debt inflows and...