Capital flows and the international credit channel

By Y. Başkaya, J. D. Giovanni, Sebnem Kalemli‐ozcan, José-Luis Peydró, M. F. Ulu. 2017

112 citations recorded by the source corpus.

We examine the role of the international credit channel in Turkey over 2005–2013. We show that larger, more capitalized 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.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/73e6a122e0ec5a32825f26428313d988fcf2cbac

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Simone Lenzu
2. Filippo Mezzanotti
3. Sebnem Kalemli‐ozcan
4. Margherita Bottero

In Finance

1. Simone Lenzu
2. Filippo Mezzanotti
3. Sebnem Kalemli‐ozcan
4. Margherita Bottero
5. Laura Alfaro

Citations in the corpus

• U.S. Monetary Policy and International Risk Spillovers (2019, background): “38See di Giovanni et al. (2018) and Baskaya et al. (2017).”
• Sovereign debt exposure and the bank lending channel: Impact on credit supply and the real economy (2020, background): “on the relevance of international funding for domestic banks (Schnabl, 2012; Baskaya et al., 2017; Giovanni et al., 2017; Schnabl, 2012) or analyzed the importance of global financial intermediaries (Cetorelli and Goldberg, 2011; Kalemli-Ozcan et al.”