Visualitza Recerca: working papers, preprints, informes, etc. per autoria "Ulu, Mehmet Fatih"

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Capital flows and the international credit channel

Baskaya, Yusuf Soner; di Giovanni, Julian; Kalemli-Özcan, Şebnem; Peydró, José-Luis; Ulu, Mehmet Fatih (2017-01-01)

We examine the role of the international credit channel in Turkey over 2005-2013. We show that larger, more capitalised banks with higher non-core liabilities increase credit supply when capital inflows are higher. This ...
International spillovers and local credit cycles

Baskaya, Yusuf Soner; di Giovanni, Julian; Kalemli-Özcan, Şebnem; Ulu, Mehmet Fatih (2017-02-01)

Most capital inflows are intermediated by domestic banks. We use transaction-level data on bank credit to estimate the causal impact of capital infl ows on lending. The key mechanism is a failure of UIP, where capital ...