Domestic Credit Growth and International Capital Flows

Philip Lane and Peter McQuade

The Institute for International Integration Studies Discussion Paper Series from IIIS

Abstract: Europe experienced substantial cross-country variation in domestic credit growth and cross-border capital flows during the pre-crisis period. We investigate the inter-relations between domestic credit growth and international capital flows over 1993-2008, with a special focus on the 2003-2008 boom period. We establish that domestic credit growth in European countries is strongly related to net debt inflows but not to net equity inflows. This pattern also holds for an extended sample of 54 advanced and emerging economies.

Keywords: domestic credit growth; international capital flows (search for similar items in EconPapers)
JEL-codes: E51 F32 (search for similar items in EconPapers)
Pages: 65 pages
Date: 2013-05
References: View complete reference list from CitEc
Citations: View citations in EconPapers (39)

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Related works:
Journal Article: Domestic Credit Growth and International Capital Flows (2014)
Working Paper: Domestic credit growth and international capital flows (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:iis:dispap:iiisdp428

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