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Capital Flows and the International Credit Channel

Yusuf Baskaya (), Julian di Giovanni, Sebnem Kalemli-Özcan, Jose-Luis Peydro () and Mehmet Ulu

No 952, Working Papers from Barcelona Graduate School of Economics

Abstract: 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 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.

Keywords: Capital flows; bank-lending channel; bank heterogeneity (search for similar items in EconPapers)
JEL-codes: E0 F0 F1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban, nep-cwa, nep-ifn and nep-mac
Date: 2017-01
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Related works:
Journal Article: Capital flows and the international credit channel (2017) Downloads
Working Paper: Capital Flows and the International Credit Channel (2017) Downloads
Working Paper: Capital flows and the international credit channel (2017) Downloads
Chapter: Capital Flows and the International Credit Channel (2016)
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