Capital Flows and Financial Intermediation: is EMU different?

Anna Samarina and Dirk Bezemer
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Dirk Bezemer: Groningen University

No 14021-GEM, Research Report from University of Groningen, Research Institute SOM (Systems, Organisations and Management)

Abstract: The share of domestic bank credit allocated to non-financial business declined significantly in EMU economies since 1990. This paper examines the impact of capital inflows on domestic credit allocation, taking account of (future) EMU membership. The study utilizes a novel data set on domestic credit allocation for 38 countriesover 1990

Date: 2014
New Economics Papers: this item is included in nep-ban and nep-eec
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