Arbeitspapier

Domestic credit growth and international capital flows

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.

Sprache
Englisch

Erschienen in
Series: ECB Working Paper ; No. 1566

Klassifikation
Wirtschaft
Money Supply; Credit; Money Multipliers
Current Account Adjustment; Short-term Capital Movements
International Financial Markets
Thema
financial globalisation
financial stability
macro-prudential regulation

Ereignis
Geistige Schöpfung
(wer)
Lane, Philip R.
McQuade, Peter
Ereignis
Veröffentlichung
(wer)
European Central Bank (ECB)
(wo)
Frankfurt a. M.
(wann)
2013

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Lane, Philip R.
  • McQuade, Peter
  • European Central Bank (ECB)

Entstanden

  • 2013

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