Published Classic The Journal of Finance Online 25 Jan 2019 Published Feb 2019The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real EffectsBernardo Morais · José-Luis Peydró · Jessica Roldán-Peña · Claudia Ruiz-OrtegaUsing the universe of business loans in Mexico matched to firm and bank balance sheets, this paper shows that each foreign monetary policy moves local credit supply mainly through banks headquartered …