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https://dev.focus.bse.eu Research insights from the Barcelona School of Economics Fri, 16 Jun 2017 08:42:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.13 https://dev.focus.bse.eu/wp-content/uploads/cropped-bse-focus-site-icon-32x32.png https://dev.focus.bse.eu 32 32 https://dev.focus.bse.eu/international-spillovers-local-credit-cycles/ Mon, 26 Jun 2017 18:41:05 +0000 https://focus.barcelonagse.eu/?p=1170 Yusuf Soner Baskaya, Julian di Giovanni, Sebnem Kalemli-Özcan, and Mehmet Fatih Ulu argue that, during periods of high global risk appetite, capital inflows fuel a credit expansion in emerging markets by reducing the costs of borrowing.]]>