US vs. Euro Area : Who Drives Cross-Border Bank Lending to EMs? /

This paper analyzes the drivers of cross-border bank lending to 49 Emerging Markets (EMs) during the period 1990Q1-2014Q4, by assessing the impact of monetary, financial and real sector shocks in both the US and the euro area. The literature has traditionally highlighted the influence of US monetary...

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Détails bibliographiques
Auteur principal: Cerutti, Eugenio
Autres auteurs: Osorio Buitron, Carolina
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2019.
Collection:IMF Working Papers; Working Paper ; No. 2019/199
Accès en ligne:Full text available on IMF