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Julian di Giovanni

Economic Research Advisor · Federal Reserve Bank of New York

Economic Research Advisor in International Studies at the Federal Reserve Bank of New York, on leave from Universitat Pompeu Fabra where he is ICREA Research Professor. His research is at the intersection of international economics and macroeconomics, including shock transmission and production linkages across firms.

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Published Classic Review of Economic Studies Online 12 Oct 2021 Published Mar 2022
International Spillovers and Local Credit Cycles

Julian di Giovanni · Şebnem Kalemli-Özcan · Mehmet Fatih Ulu · Yusuf Soner Baskaya

Using the universe of Turkish corporate credit transactions matched to bank balance sheets over 2003-13, this paper shows that an easing of global financial conditions lowers domestic borrowing costs …