A broad perspective on the sectoral composition of the domestic borrower and recipients of capital flows is needed to deepen the understanding of the mechanisms through which cross-border capital flows interact with credit provision. Exploring this detail reveals stark differences across (i) credit measures that include only lending by banks and those that encompass all lenders (ii) the sum of all private borrower sectors versus nonfinancial corporation and household credit (iii) advanced economies and emerging markets (iv) instrument and sectoral composition of flows.

中文翻译：

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重新审视跨境资本流动与信贷的关系

需要对国内借款人和资本流动接受者的部门构成有一个广泛的认识，以加深对跨境资本流动与信贷提供相互作用机制的理解。探索这一细节揭示了 (i) 仅包括银行贷款和包括所有贷方的信贷措施 (ii) 所有私人借款人部门与非金融公司和家庭信贷的总和 (iii) 发达经济体和新兴市场 (iv) 之间的明显差异) 流量的工具和部门构成。