Capital Flows and the International Credit Channel

Julian di Giovanni, Kalemli-Özcan, Sebnem, Peydró, José-Luis, Yusuf Baskaya and Mehmet Ulu
Authors registered in the RePEc Author Service: Jose-Luis Peydro and Sebnem Kalemli-Ozcan

No 11827, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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)
Date: 2017-02
New Economics Papers: this item is included in nep-ban and nep-mac
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Citations: View citations in EconPapers (114)

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Related works:
Journal Article: Capital flows and the international credit channel (2017)
Journal Article: Capital Flows and the International Credit Channel (2017)
Working Paper: Capital Flows and the International Credit Channel (2017)
Working Paper: Capital flows and the international credit channel (2017)
Chapter: Capital Flows and the International Credit Channel (2016)
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