instruments to study international spillovers of prudential policy changes and their effects on bank lending growth. The … bank lending. Second, international spillovers vary across prudential instruments and are heterogeneous across banks. Bank …

instruments to study international spillovers of prudential policy changes and their effects on bank lending growth. The … bank lending. Second, international spillovers vary across prudential instruments and are heterogeneous across banks. Bank …

. Using bank balance sheet and credit register data, we trace how this trade shock affected the lending behavior of banks … that the reduction in lending was not driven by the erosion of bank capital, but rather by the shift in expectations about …

indeed been succesful in stimulating the credit flow of banks to the private sector. Second, we find support for the "bank … effect). The role of bank capital is, however, ambiguous. Besides the above favorable direct effect on loan supply, lower … levels of bank capitalization at the same time mitigate the size, retail and liquidity effects of the policies. The drag on …