Results 1 - 1 of 1 for recession [Author: Pınar Yeşin]
Foreign Currency Loans and Systemic Risk in Europe - Review
Foreign currency loans to the unhedged non-banking sector are remarkably prevalent in Europe and create a significant exchange-rate-induced credit risk to European banking sectors. In particular, Swiss franc (CHF)-denominated loans, popular in Eastern European countries, could trigger simultaneous bank failures if depreciation of the domestic currencies prevents unhedged borrowers from servicing the loans.
research.stlouisfed.org/.../review/2013/06/26/foreign-currency-loans-and-systemic-risk-in-europe
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