How Long to Read US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs?

How Long Does it Take to Read US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs??

It takes the average reader and 32 minutes to read US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs? by Mr.Eugenio M Cerutti

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper analyzes the drivers of cross-border bank lending to 49 Emerging Markets (EMs) during the period 1990Q1-2014Q4, by assessing the impact of monetary, financial and real sector shocks in both the US and the euro area. The literature has traditionally highlighted the influence of US monetary policy on driving cross-border bank flows, and more recently the importance of both US and Euro Area (EA) financial/banking sectors’ related variables. Our contribution is the simultaneous analysis of the role of these US and EA drivers, as well as their interactions with real sector shocks. We corroborate the negative impact of US monetary policy tightening on cross-border lending to EMs, but we find that EA monetary policy seems to have an impact mostly on Emerging Europe, reflecting the fact that cross-border lending to most other EM regions is dollar denominated. We also find that real sector shocks in both the US and EA trigger an increase in cross-border lending, but less in EA when modeling the financial sector. Finally, for financial sector shocks, such as those associated with a decrease in bank leverage, our results indicate a broad-based overall contraction of cross-border lending if the shock originates in the US, and heterogenous effects across borrowing regions if the shock originates in the EA.

How long is US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs??

US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs? by Mr.Eugenio M Cerutti is 32 pages long, and a total of 8,064 words.

This makes it 11% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs? Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs? aloud.

What Reading Level is US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs??

US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs? is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs??

US vs. Euro Area: Who Drives Cross-Border Bank Lending to EMs? by Mr.Eugenio M Cerutti is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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