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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP10845 |
DP10845 On the roles of different foreign currencies in European bank lending | |
Cedric Tille; Signe Krogstrup | |
发表日期 | 2015-09-27 |
出版年 | 2015 |
语种 | 英语 |
摘要 | We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially households. It is sensitive to the interest rate differential, exchange rate developments, funding availability, and to some extent international trade. Lending in other currencies is more used in lending to resident nonfinancial firms, and mostly in cross-border lending, where it is sensitive to funding costs and trade. Policy measures aimed at foreign currency lending have a clear impact on lending to residents. Our analysis shows that not all foreign currencies are alike, and that any policy aimed at the use of foreign currencies needs to take this heterogeneity into account. |
主题 | International Macroeconomics and Finance |
关键词 | Cross-border transmission of shocks Foreign currency lending Swiss franc lending |
URL | https://cepr.org/publications/dp10845 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539674 |
推荐引用方式 GB/T 7714 | Cedric Tille,Signe Krogstrup. DP10845 On the roles of different foreign currencies in European bank lending. 2015. |
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