findings imply that integration of interbank markets resulted in less stringent borrowing constraints and in substantially …

domestic and foreign currencies. We analyze a novel, supervisory dataset from Hungary that records all bank lending to firms … interest rate on the other hand expands lending by lowly versus highly capitalized banks relatively more in the foreign than in …

domestic and foreign currencies. We analyze a novel, supervisory dataset from Hungary that records all bank lending to firms … interest rate on the other hand expands lending by lowly versus highly capitalized banks relatively more in the foreign than in …

findings imply that integration of interbank markets resulted in less stringent borrowing constraints and in substantially …

credit register data from Hungary, we first establish a "bank-lending-to-households" channel by showing that monetary … currency. Because most households are unhedged, bank lending in multiple currencies may involve additional risk taking. Changes … in foreign monetary conditions affect lending in the foreign currency more than in the domestic currency, and also differ …

lending. Because local firms were also affected by these reforms, we em-ploy loan level data from the German credit register …, to identify the differential impact on lending by banks that were 'treated'. We find that the decrease in the cost of …

test results matter? To answer these questions, we study the impact of European stress tests on banks' lending, their …