Fidrmuc, Jarko; Stix, Helmut; Beckmann, Elisabeth - Oesterreichische Nationalbank - 2012
Given recent adverse developments, widespread foreign currency borrowing in CEECs poses a serious challenge for …. Our data confirm a non-negligible impact of foreign currency loans on financial vulnerability. However, higher loan … delinquency rates in depreciation countries can only partly be explained by foreign currency borrowing. Employing survey …