Fabiani, Andrea; López Piñeros, Martha; Peydró, José-Luis; Soto, Paul Eduardo(2021-09)
Non-US firms have massively borrowed dollars (foreign currency, FX), which may lead to booms and crises. We show the real effects of capital controls, including prudential benefits, through a firm-debt mechanism. Our ...
We study how capital controls and domestic macroprudential policy tame credit supply booms, either directly or by enhancing the local bank-lending channel of monetary policy. We exploit credit registry data and the ...
Fabiani, Andrea; López Piñeros, Martha; Peydró, José-Luis; Soto, Paul Eduardo(2021-08)
We study how capital controls and domestic macroprudential policy tame credit supply booms, respectively targeting foreign and domestic bank debt. For identification, we exploit the simultaneous introduction of capital ...
Do financial intermediaries influence firms’ (real and financial) outcomes? Are there interactions with monetary and macroprudential policy? This thesis tackles those questions from multiple perspectives. The first chapter ...
Do media slant news in favor of the banks they borrow from? We study how lending connections affect news coverage of banks earnings reports and of the Eurozone sovereign debt crisis on major European newspapers. We find ...
