Global Factors in Capital Flows and Credit Growth

Valentina Bruno and Hyun Song Shin

No 1467, Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies.

Abstract: It is a cliche that the world has become more connected, but the financial crisis and the boom that preceded it have focused attention on the global factors behind credit growth and capital flows. Calvo, Leiderman and Reinhart (1993, 1996) famously distinguished the global "push" factors for capital flows from the country?specific "pull" factors, and the BIS report on global liquidity (the Landau report) has highlighted the role of cross?border banking in the transmission of financial conditions (BIS (2011)).

Keywords: credit growth; boom; financial crisis; capital flows (search for similar items in EconPapers)
JEL-codes: D02 D21 E32 E50 F30 (search for similar items in EconPapers)
Date: 2013-06
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://gceps.princeton.edu/wp-content/uploads/2017/01/237shin.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pri:cepsud:237

Access Statistics for this paper

More papers in Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies. Contact information at EDIRC.
Bibliographic data for series maintained by Bobray Bordelon ().