Ongena, Steven; Schindele, Ibolya; Vonnák, Dzsamila - 2020 - This draft: August 12, 2020
We study the impact of monetary policy on the supply of bank credit when bank lending is denominated in foreign … currencies. Accessing a comprehensive supervisory dataset from Hungary, we find that the supply of bank credit in a foreign …. Changes in foreign monetary conditions similarly affect bank lending more in the foreign than in the domestic currency. Hence …