US dollar credit is growing quickly outside the United States, especially in Asia, and in some economies it has … outpaced overall credit growth. Cross-border sources of credit bear watching in view of their record of outgrowing overall … credit in credit booms. Foreign currency and cross-border sources of credit raise policy issues …

exploit GFC shocks and Brazilian interventions in FX derivatives using three matched administrative registers: credit, foreign … credit flows to banks, and employer-employee. After U.S. Federal Reserve Taper Tantrum (followed by strong Emerging Markets FX … depreciation and volatility increase), Brazilian banks with larger ex-ante reliance on foreign debt strongly cut credit supply …

exploit GFC shocks and Brazilian interventions in FX derivatives using three matched administrative registers: credit, foreign … credit flows to banks, and employer-employee. After U.S. Federal Reserve Taper Tantrum (followed by strong Emerging Markets … credit supply, thereby reducing firm-level employment. However, a large FX intervention program supplying derivatives against …

Foreign currency loans to the unhedged non-banking sector are remarkably prevalent in Europe and create a significant … exchange-rate-induced credit risk to European banking sectors. In particular, Swiss franc (CHF)-denominated loans, popular in … that banks in Europe have continuously held more foreign-currency-denominated assets than liabilities, indicating their …

bargaining power in default, operating in more competitive product markets, and facing lower credit supply are more likely to …