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 …

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 …

ungeachtet ihrer unterschiedlichen Ausgangspositionen die erste Phase der weltweiten Finanzkrise gut meistern. Nach dem … Finanzsystems zu sichern. -- Financial structure ; financial integration ; credit growth ; financial crisis …

applied by the Federal Reserve and the European Central Bank, external liquidity support (such as collateralized dollar credit …

the credit supply process. The economy is susceptible to self-fulfilling credit freezes: banks abstain from lending when … they fear that other banks will withhold lending, and the resultant credit contraction impedes economic growth. Capital … credit to the real economy. However, the equilibrium interest rate reveals public information about economic fundamentals and …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …