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Capital flows and the in ternational credit channel

Baskaya, Yusuf Soner, Giovanni, Julian, Kalemli Özcan, Şebnem, Peydro, José-Luis and Ulu, Mehmet Faith (2017) Capital flows and the in ternational credit channel. Journal of International Economics, 108 (1). pp. 15-22. ISSN 0022-1996

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Identification Number: 10.1016/j.jinteco.2016.12.003

Abstract

We examine the role of the international credit channel in Turkey over 2005–2013. We show that larger, more capitalized banks with higher non-core liabilities increase credit supply when capital inflows are higher. This result is stronger for domestic banks relative to foreign banks and survives during the crisis period of post-2008, when foreign banks in general stop lending in emerging markets and retreat to their home countries. By decomposing capital inflows into bank and non-bank flows, we show the importance of domestic banks' external borrowing for domestic credit growth.

Item Type: Article
Official URL: http://www.sciencedirect.com/science/journal/00221...
Additional Information: © 2017 Elsevier
Divisions: Management
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Sets: Departments > Management
Date Deposited: 06 Nov 2017 13:44
Last Modified: 30 Jan 2019 20:57
URI: http://eprints.lse.ac.uk/id/eprint/85071

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