Does globalization affect credit market controls?

Jonathan Batten, Mehmet Bilgin, Ender Demir and Giray Gözgör

International Review of Economics & Finance, 2023, vol. 85, issue C, 21-43

Abstract: Using the revised de facto and de jure measures of economic globalization, this paper investigates the effects of globalization on credit market controls. In addition to overall, or aggregate, measures of credit market deregulation, private sector credit, bank ownership, and interest rate controls are also considered. The results indicate that economic globalization promotes credit market deregulation in the 146 countries considered. The findings are robust to a host of tests that include alternative econometric techniques and the effects of differing income levels and regions.

Keywords: Credit market deregulation; Private sector credits; Ownership of banks; Interest rate controls; Financial globalization; Trade globalization; Panel data estimation techniques (search for similar items in EconPapers)
JEL-codes: C33 E51 F65 G15 G21 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:85:y:2023:i:c:p:21-43

DOI: 10.1016/j.iref.2022.11.012

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