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
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