1 Subjects: “...Balance of payments statistics...”

2 Subjects: “...Balance of payments...”

3 Subjects: “...Balance of payments...”

4 Subjects: “...Balance of payments...”

5 Subjects: “...Balance of payments...”

6 Subjects: “...Balance of payments...”

7 Subjects: “...Balance of payments...”

8 Subjects: “...Balance of payments...”

9 Subjects: “...Balance of payments...”

10 “... with different balance of payments characteristics...”

11 “.... In particular, we identify a "bank balance-sheet channel" of monetary policy, which operates through the impact...”

12 “..., finding the right balance between regulation, supervision, and market discipline is likely to be difficult...”