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C. Bora Durdu

Deputy Associate Director, Financial Stability · Federal Reserve Board

Deputy Associate Director in the Program Direction Section of the Financial Stability division at the Federal Reserve Board. His research covers open-economy macroeconomics, financial stability, macroprudential policy and computational methods; PhD in Economics from the University of Maryland (2006).

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Published Classic IMF Economic Review Online 14 Feb 2020 Published Mar 2020

The Role of US Monetary Policy in Banking Crises Across the World

C. Bora Durdu · Alex Martin · Ilknur Zer

US monetary tightening raises the probability of a banking crisis abroad, but only where the exposure to the United States is direct -- heavy bilateral trade or large dollar-denominated liabilities. …

Monetary Policy Transmission Financial Crises International Capital Flows Financial Stability Free Read ↗