Bremus, Franziska; Fratzscher, Marcel - C.E.P.R. Discussion Papers - 2014
The paper analyzes the effects of changes to regulatory policy and to monetary policy on cross-border bank lending … since the global financial crisis. Cross-border bank lending has decreased, and the home bias in the credit portfolio of … banks has risen sharply, especially among banks in the euro area. Our results suggest that expansionary monetary policy in …