%PDF-1.5 % 1 0 obj << /S /GoTo /D (section.1) >> endobj 4 0 obj (Introduction) endobj 5 0 obj << /S /GoTo /D (section.2) >> endobj 8 0 obj (Empirical Strategy) endobj 9 0 obj << /S /GoTo /D (subsection.2.1) >> endobj 12 0 obj (Conceptual Framework) endobj 13 0 obj << /S /GoTo /D (subsection.2.2) >> endobj 16 0 obj (Identification Strategy) endobj 17 0 obj << /S /GoTo /D (subsubsection.2.2.1) >> endobj 20 0 obj (Macro Regressions) endobj 21 0 obj << /S /GoTo /D (subsubsection.2.2.2) >> endobj 24 0 obj (Exogenous Capital Inflows) endobj 25 0 obj << /S /GoTo /D (subsubsection.2.2.3) >> endobj 28 0 obj (Reduced-Form Regressions) endobj 29 0 obj << /S /GoTo /D (subsubsection.2.2.4) >> endobj 32 0 obj (Banks' External Funding, Firm-Level Financial Constraints, and the Currency Denomination of Lending ) endobj 33 0 obj << /S /GoTo /D (subsubsection.2.2.5) >> endobj 36 0 obj (Financial Constraints at the Loan-Level) endobj 37 0 obj << /S /GoTo /D (section.3) >> endobj 40 0 obj (Data) endobj 41 0 obj << /S /GoTo /D (subsection.3.1) >> endobj 44 0 obj (Credit Register) endobj 45 0 obj << /S /GoTo /D (subsection.3.2) >> endobj 48 0 obj (Bank-Level Data) endobj 49 0 obj << /S /GoTo /D (subsection.3.3) >> endobj 52 0 obj (Firm-Level Data) endobj 53 0 obj << /S /GoTo /D (subsection.3.4) >> endobj 56 0 obj (Macro-Level Data) endobj 57 0 obj << /S /GoTo /D (section.4) >> endobj 60 0 obj (Empirical Results) endobj 61 0 obj << /S /GoTo /D (subsection.4.1) >> endobj 64 0 obj (Macro Regressions) endobj 65 0 obj << /S /GoTo /D (subsubsection.4.1.1) >> endobj 68 0 obj (Reduced-Form Regressions) endobj 69 0 obj << /S /GoTo /D (subsubsection.4.1.2) >> endobj 72 0 obj (Regressions by Bank Type and Robustness Checks) endobj 73 0 obj << /S /GoTo /D (subsection.4.2) >> endobj 76 0 obj (Global Financial Conditions and Financial Constraints ) endobj 77 0 obj << /S /GoTo /D (subsection.4.3) >> endobj 80 0 obj (Loan-Level Evidence for Financial Constraints) endobj 81 0 obj << /S /GoTo /D (subsection.4.4) >> endobj 84 0 obj (Exchange Rate Changes and Risk-Taking Channel) endobj 85 0 obj << /S /GoTo /D (section.5) >> endobj 88 0 obj (Conclusion) endobj 89 0 obj << /S /GoTo /D (Appendix.a.A) >> endobj 92 0 obj (UIP Regressions) endobj 93 0 obj << /S /GoTo /D (Appendix.a.B) >> endobj 96 0 obj (Regression Details) endobj 97 0 obj << /S /GoTo /D (subsection.a.B.1) >> endobj 100 0 obj (Instrumental Variables' Two-Stage Regression Strategy) endobj 101 0 obj << /S /GoTo /D (subsection.a.B.2) >> endobj 104 0 obj (LATE in Instrumental Variable Regressions) endobj 105 0 obj << /S /GoTo /D (subsection.a.B.3) >> endobj 108 0 obj (Aggregate Implications of Reduced-Form Regressions) endobj 109 0 obj << /S /GoTo /D (subsection.a.B.4) >> endobj 112 0 obj (Reduced-Form Regressions: Robustness) endobj 113 0 obj << /S /GoTo /D [114 0 R /FitH] >> endobj 120 0 obj << /Length 2584 /Filter /FlateDecode >> stream xڝXKs WR)Nؒ%ٻؑ{![34Iɲ 4gF8 nY;syE:AA;7N^N&^'MatjN5enHwOA_2RU= CaOO/ HT^g;ߏ5YQxE88.Н;aӆ=UÇEjD%bɼ"؋"+Y|?MM:٬e˺x㮫X^>}sц_,իNϪmS/IpODߌ_^S ١Ie`L 8@ZoZ=b