U.S. Monetary Policy and Emerging Market Credit Cycles
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https://www.nber.org/papers/w25185
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Foreign banks lending to firms in emerging market economies (EMEs) is large and denominated predominantly in U.S. dollars. This creates a direct connection between U.S. monetary policy and EME credit cycles. We estimate that over a typical U.S. monetary easing cycle, EME borrowers experience a 32
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美国国家经济研究局创建时间：
2018-10-01
