BIS Working Paper – How does fiscal policy affect the transmission of monetary policy into cross-border bank lending? Cross-country evidence
Author(s):Swapan-Kumar Pradhan, Előd Takáts and Judit Temesvary Date:November 15, 2024 Abstract: We use a rarely accessed BIS database on bilateral cross-border bank claims by bank nationality to examine the interaction of monetary and fiscal policies. We find significant interactions: the transmission of the monetary policies of major currency issuers is significantly influenced by the fiscal[…]