Magud, Nicolas E.; Vesperoni, Esteban; Reinhart, Carmen - International Monetary Fund (IMF) - 2012
during periods of large capital inflows. We show that bank credit grows more rapidly and its composition tilts to foreign …' incentives to tap external markets and to lend/borrow in foreign currency; these policies include marginal reserve requirements … on foreign lending, currency-dependent liquidity requirements, and higher capital requirement and/or dynamic provisioning …