Economic policy uncertainty and the credit channel: aggregate and bank level U.S. evidence over several decades

By M. Bordo, John V. Duca, Christoffer Koch. 2016

524 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/db7ad5e81e12c15c92be1075abb9fdb94621304f

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Citations in the corpus

Economic uncertainty and bank risk: Evidence from emerging economies (2020, unknown): “Bordo et al. (2016) find adverse effects of economic policy uncertainty on bank credit growth in the U.”
Economic Policy Uncertainty And Corporate Cash Holdings (2017, unknown): “In sum, the results provide evidence that policy uncertainty exacerbates the credit market conditions at the aggregate level, which is consistent with findings of Bordo et al. (2016).”
Economic policy uncertainty and banks’ loan pricing (2019, background): “In this context, some recent studies specifically focus on banks and found that economic policy uncertainty lowers bank credit growth (Bordo et al. 2016; He & Niu 2018; Hu & Gong 2018).”
The Impact of Geopolitical Risks on Financial Development: Evidence from Emerging Markets (2020, methodology): “To estimate the effects of GPR on financial development in emerging economies, we consider several model specifications, which can be written as follows: DCi,t = α0+ α1 GEPR i,t+α2 Xi,t+ε1i,t (1) DCi,t = β0+ β1 GEPRi,t-1+β2 Xi,t+ε2i,t (2) DCi,t = γ0+γ1 DCi,t-1+γ2 GEPRi,t+γ3 Xi,t+ε3i,t (3) In Eq.”
Economic policy uncertainty and real output: evidence from the G7 countries (2018, background): “Bordo, Duca, and Koch (2016) showed that policy uncertainty has disaffected the bank credit channel of monetary policy transmission in the United States economy and has slowed down the recovery from the financial crisis.”
Economic policy uncertainty, stakeholder engagement, and environmental, social, and governance practices: The moderating effect of competition (2020, background): “For example, the EPU causes a reduction in the bank-level credit growth and liquid fund production (Berger, Guedhami, Kim, & Li, 2017; Bordo et al., 2016).”
Policy uncertainty and loan loss provisions in the banking industry (2020, unknown): “…is significantly negative, indicating that banks’ lending decreases in response to high PU.21 By including an interaction term (PU Indext×High) in Equation (3), where High is a dummy variable coded as 1 if current-quarter 21 This finding is consistent with that documented in Bordo et al. (2016).”