This paper provides new evidence on the factors affecting protracted credit contraction in the wake of the global financial crisis. The paper applies panel vector autoregressions to a global panel that consists of quarterly data for 41 countries for the period 2000-2011 and documents that domestic private credit growth is highly sensitive to cross-border funding shocks around the world. This relationship is significantly stronger in Central and Eastern...
انظر المزيد
تفاصيل
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2014/2/01
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ورقة عمل خاصة ببحوث السياسات
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WPS6783
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1
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1
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2014/2/01
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Disclosed
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The impact of funding models and foreign bank ownership on bank credit growth : is Central and Eastern Europe different ?
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Finance & Private Sector