foreign currency transactions in financial statements, which are prepared in compliance with the Romanian accounting … differences, which are specific to different foreign currency operations, according to national regulations (and implicitly, to …

’s structural vulnerability characterized by the elasticity of exports and repayments for foreign currency denominated debt. I …

,200 estimated coefficients for six drivers of foreign currency lending. One common pattern we identify is that macroeconomic … instability (as expressed by inflation volatility) and banks’ funding in foreign currency play a significant role in explaining …

lower domestic interest rate expands the supply of credit in the domestic but not in the foreign currency. A lower foreign …

In this paper, we investigate whether foreign currency accounts help overcome credit constraints in developing … countries. We analyze a novel bank-level data set from Nepal, where a steady inflow of remittances has contributed to foreign … currency deposits on commercial bank balance sheets. In this data set we find that: (i) Banks hedge their FX exposure by …

In a number of countries a substantial proportion of mortgage loans is denominated in foreign currency. In this paper … economy model with financial frictions where housing loans can be denominated in domestic or foreign currency. We calibrate … the model for Poland - a typical small open economy with a large share of foreign currency loans (FCL) - and use it to …

Central bank currency swaps (CBCS) allow central banks to provide foreign currency liquidity to the commercial banks in …