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Browsing Departament d'Economia i Empresa by Author "Fendoğlu, Salih"

Browsing Departament d'Economia i Empresa by Author "Fendoğlu, Salih"

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  • Fendoğlu, Salih; Gülşen, Eda; Peydró, José-Luis (2019-11-01)
    We show that global liquidity limits the effectiveness of local monetary policy on credit markets. The mechanism is via a bank carry trade in international markets when local monetary policy tightens. For identification, ...

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