ECB policy changes foreign-denominated lending – Bank of Spain paper
Tighter ECB policy usually leads to increased lending abroad, researcher finds
Changes in the European Central Bank’s monetary policy affect how Spanish banks make foreign currency loans, a working paper published by the Bank of Spain says.
In The relevance of currency denomination for the cross-border effects of monetary policy, Isabel Argimón looks at how ECB policy affects lending by internationally active banks.
The author uses data from Spanish individual banks to see whether a monetary policy decision affects how banks adjust their lending to foreign clients. She
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