Emter, Lorenz; McQuade, Peter; Pradhan, Swapan-Kumar; … - 2024
This paper provides insights into the determinants of currency choice in cross-border bank lending, such as bilateral …-border bank lending in US dollars, and particularly in euro, is highly concentrated in a small number of countries. The UK is … particular, lending to non-bank financial intermediaries in the Cayman Islands, possibly as a result of regulatory and tax …