The paper asks how far global factors drive the foreign-borrowing component of advanced-economy banks' non-core funding, and whether exchange rate flexibility (and macroprudential policy) can insulate …
Online FirstJournal of Money, Credit and BankingOnline 24 Feb 2026
This paper identifies and quantifies a housing portfolio channel of quantitative easing (QE) transmission that operates through household portfolio rebalancing toward second homes (as opposed to the …