ADB亚洲开发银行：跨境银行流动、区域家庭信贷繁荣和银行风险承担（英文版）

This paper provides novel microlevel evidence that cross-border bank flows are an important means for households to access credit, not only in emerging markets but also in advanced economies. Using supervisory bank-level data alongside household credit and consumption data from Germany, we study how lending to households was impacted by the influx of cross-border bank funding following the European Central Bank’s implementation of nonconventional monetary policy in 2014 and 2015. Regional ban