The International Bank Lending Channel of Monetary Policy Rates and Quantitative Easing : Credit Supply, Reach-for-Yield, and Real Effects
This paper identifies the international credit channel of monetary policy by analyzing the universe of corporate loans in Mexico, matched with firm and bank balance-sheet data, and by exploiting foreign monetary policy shocks, given the large presence of European and U.S. banks in Mexico. The paper...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | en_US |
| Published: |
World Bank Group, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/21655 |