Baskaya, Y. S. , di Giovanni, J., Kalemli-Özcan, Ş., Peydro, J.-L. and Ulu, M. F. (2017) Capital flows and the international credit channel. Journal of International Economics, 108(S1), S15-S22. (doi: 10.1016/j.jinteco.2016.12.003)
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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: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Baskaya, Dr Soner |
Authors: | Baskaya, Y. S., di Giovanni, J., Kalemli-Özcan, Ş., Peydro, J.-L., and Ulu, M. F. |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | Journal of International Economics |
Publisher: | Elsevier |
ISSN: | 0022-1996 |
ISSN (Online): | 1873-0353 |
Published Online: | 27 January 2017 |
Copyright Holders: | Copyright © 2017 Elsevier B.V. |
First Published: | First published in Journal of International Economics 108(Supplement 1): S15-S22 |
Publisher Policy: | Reproduced under a Creative Commons License |
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