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 …

We investigate how financial contracting interacts with lending channel effects by tracing the anatomy of a credit …-lending revenues, and those that pledge collateral, especially outside assets and real estate, experience less credit rationing …