Capital Flows and the International Credit Channel
Yusuf Baskaya (),
Julian di Giovanni,
Sebnem Kalemli-Ozcan (),
Peydrï¿½, Josï¿½ Luis and
Authors registered in the RePEc Author Service: Jose-Luis Peydro ()
No 11827, CEPR Discussion Papers from C.E.P.R. Discussion Papers
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: Bank Heterogeneity; Bank-Lending Channel; Capital Flows (search for similar items in EconPapers)
JEL-codes: E0 F0 F1 (search for similar items in EconPapers)
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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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