Capital flows and the international credit channel
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- dc.contributor.author Baskaya, Yusuf Soner
- dc.contributor.author Di Giovanni, Julian
- dc.contributor.author Kalemli-Özcan, Şebnem
- dc.contributor.author Peydró, José-Luis
- dc.contributor.author Ulu, Mehmet Fatih
- dc.date.accessioned 2019-12-16T10:56:32Z
- dc.date.available 2019-12-16T10:56:32Z
- dc.date.issued 2017
- dc.description.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.
- dc.description.sponsorship Di Giovanni and Peydro thank the Spanish Ministry of Economy and Competitiveness, through the Severo Ochoa Programme for Centres of Excellence in R&D (SEV-2015-0563) for financial support.
- dc.format.mimetype application/pdf
- dc.identifier.citation Baskaya YS, Di Giovanni J, Kalemli-Özcan S, Peydró JL, Ulu MF. Capital flows and the international credit channel. J Int Econ. 2017 May;108 Suppl 1:S15-22. DOI: 10.1016/j.jinteco.2016.12.003
- dc.identifier.doi http://dx.doi.org/10.1016/j.jinteco.2016.12.003
- dc.identifier.issn 0022-1996
- dc.identifier.uri http://hdl.handle.net/10230/43174
- dc.language.iso eng
- dc.publisher Elsevier
- dc.relation.ispartof Journal of International Economics. 2017 May;108 Suppl 1:S15-22
- dc.rights Under a Creative Commons license https://creativecommons.org/licenses/by-nc-nd/4.0/
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/
- dc.subject.keyword Capital flows
- dc.subject.keyword Bank-lending channel
- dc.subject.keyword Bank heterogeneity
- dc.title Capital flows and the international credit channel
- dc.type info:eu-repo/semantics/article
- dc.type.version info:eu-repo/semantics/publishedVersion