000293219 001__ 293219 000293219 005__ 20250213113229.0 000293219 037__ $$aBOOK 000293219 245__ $$aOn the roles of different foreign currencies in European bank lending 000293219 260__ $$aLondon$$bCentre for Economic Policy Research (CEPR)$$c2015 000293219 269__ $$a2015 000293219 300__ $$a32 p. 000293219 336__ $$aPapers and Reports 000293219 490__ $$aDiscussion Paper ; no. 10845 000293219 520__ $$aWe draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially households. It is sensitive to the interest rate differential, exchange rate developments, funding availability, and to some extent international trade. Lending in other currencies is more used in lending to resident nonfinancial firms, and mostly in cross‐border lending, where it is sensitive to funding costs and trade. Policy measures aimed at foreign currency lending have a clear impact on lending to residents. Our analysis shows that not all foreign currencies are alike, and that any policy aimed at the use of foreign currencies needs to take this heterogeneity into account. 000293219 700__ $$aKrogstrup, Signe 000293219 700__ $$aTille, Cédric 000293219 8564_ $$957fa541c-f8ba-4a2f-bf9b-231ed9069e72$$s373172$$uhttps://repository.graduateinstitute.ch/record/293219/files/CEPR-Tille_2015.pdf 000293219 8564_ $$9cf07cc4a-27f4-4d9f-bde1-67384d2d85f2$$xpdfa$$s1831424$$uhttps://repository.graduateinstitute.ch/record/293219/files/CEPR-Tille_2015.pdf?subformat=pdfa 000293219 901__ $$uInternational Economics Department$$0319285 000293219 901__ $$uCentre for Finance and Development 000293219 909CO $$ooai:repository.graduateinstitute.ch:293219$$pIHEID:Infonet$$pGLOBAL_SET$$pIHEID:Infonet_CFD$$pIHEID:Infonet_IE_2$$pIHEID:Infonet_CTEI$$pIHEID:Infonet_CCDP$$pIHEID:Explore$$pIHEID:Infonet_IE 000293219 937__ $$aWP-2015-114 000293219 980__ $$aINFONET 000293219 980__ $$aWP