Cerutti, Eugenio M.; Osorio Buitron, Carolina - 2019
This paper analyzes the drivers of cross-border bank lending to 49 Emerging Markets (EMs) during the period 1990Q1 … decrease in bank leverage, our results indicate a broad-based overall contraction of cross-border lending if the shock … literature has traditionally highlighted the influence of US monetary policy on driving cross-border bank flows, and more …