| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17231 |
| DP17231 The Real Effects of Exchange Rate Depreciation: The Role of Bank Loan Supply | |
| Thorsten Beck; Peter Bednarek; Daniel Marcel Te Kaat; Natalja von Westernhagen | |
| 发表日期 | 2022-04-17 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Using matched bank-firm-level data and the 2014 depreciation of the euro, we show that exchange rate depreciations can lead to higher loan supply. Large banks with high net dollar exposure increase lending to export-intensive firms and—through interbank markets—to small banks without foreign-currency asset exposure but with a high share of exporting firms in their portfolio. We also find that German regions with such small banks experience higher output growth following the depreciation. These findings show the importance of banks’ balance sheet structure and interbank markets in transmitting exchange rate shocks to the real economy. |
| 主题 | Financial Economics |
| 关键词 | Exchange rates Bank lending Interbank markets Real effects Regional business cycles Germany |
| URL | https://cepr.org/publications/dp17231 |
| 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/546232 |
| 推荐引用方式 GB/T 7714 | Thorsten Beck,Peter Bednarek,Daniel Marcel Te Kaat,et al. DP17231 The Real Effects of Exchange Rate Depreciation: The Role of Bank Loan Supply. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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