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banks for almost 40% of foreign lending.
But foreign lending and investment are financing them with ease.
The nation depended too much on foreign lending.
This suggests that unconventional monetary policy designed to support domestic lending can have the unintended consequence of reducing foreign lending.
So perhaps his worries relate not to money creation but to foreign lending.
And there are some surprises, too, when one considers the share of total foreign lending.
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Thus, one possible prudential measure would be to limit (or potentially ban) foreign currency lending to borrowers without foreign currency income.
The sample period used in the paper thus provides an event study of the transmission of the global crisis to foreign banks' lending, rather than a systematic description of foreign banks' reaction to crises.
Foreign banks' lending to RussiaAmerica and the European Union extended sanctions on Russia this week.
Foreign currency lending rates are now set by the central bank.
The "high" estimate assumes public debt accounts for all the foreign banks' lending to Greek entities in BIS data.
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