Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/310428 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Working Paper No. 10/2024
Verlag: 
Norges Bank, Oslo
Zusammenfassung: 
This paper provides novel micro-level evidence that cross-border bank flows are important for households' access to credit not only in emerging markets but also in advanced economies. These foreign bank flows can drive local credit credit booms that increase bank risk. We study how the influx of cross-border bank funding that followed the ECB's implementation of non-conventional monetary policy in 2014/15 impacted lending to households, using supervisory bank-level data alongside householdlevel credit and consumption data from Germany. Regional banks that are highly exposed to fluctuations in foreign capital inflows increase consumer lending to riskier, lower-income households by 50% more than other banks. When deposit inflows from non-euro area banks rise, this induces less capitalized banks to expand their lending on the extensive margin. Improved access to credit enables lower-income customers of exposed banks to increase non-durable consumer spending. Data from a larger group of euro area countries confirm our conclusions.
Schlagwörter: 
Cross-Border Bank Flows
Households
Bank Lending
Risk-Taking
Credit Booms
Funding Shocks
JEL: 
F3
G2
G5
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-82-8379-319-2
Creative-Commons-Lizenz: 
cc-by-nc-nd Logo
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
667.46 kB





Publikationen in EconStor sind urheberrechtlich geschützt.