Emter, Lorenz; McQuade, Peter; Pradhan, Swapan-Kumar; … - 2024
predictions of gravity models of trade, in contrast to US dollar loans. Complementarities between trade invoicing and bank lending …This paper provides insights into the determinants of currency choice in cross-border bank lending, such as bilateral …-border bank lending in US dollars, and particularly in euro, is highly concentrated in a small number of countries. The UK is …