Capital Inflows, Credit Growth, and Financial Systems:
Exploiting a granular panel dataset that breaks down capital inflows into FDI, portfolio and other categories, and distinguishes between credit to the household sector and to the corporate sector, we investigate the association between capital inflows and credit growth. We find that non-FDI capital...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
|
| Schriftenreihe: | IMF Working Papers: Working Paper No. 15 / 193
|
| Schlagworte: | |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Exploiting a granular panel dataset that breaks down capital inflows into FDI, portfolio and other categories, and distinguishes between credit to the household sector and to the corporate sector, we investigate the association between capital inflows and credit growth. We find that non-FDI capital inflows boost credit growth and increase the likelihood of credit booms in both household and corporate sectors. For household credit growth, the composition of capital inflows appears to be more important than financial system characteristics. In contrast, for corporate credit growth, both the composition and the financial system matter. Regardless of sectors and financial systems, net other inflows are always linked to rapid credit growth. Firm-level data corroborate these findings and hint at a causal link: net other inflows are related to more rapid credit growth for firms that rely more heavily on external financing. Further explorations on how capital flows translate into more credit indicate that both demand and supply side factors play a role |
| Beschreibung: | Description based upon print version of record |
| Beschreibung: | 1 Online-Ressource (31 p) |
| ISBN: | 1513581260 9781513581262 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:37Z |
| indexdate | 2024-07-10T09:35:47Z |
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| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers: Working Paper No. 15 / 193 |
| spelling | Igan, Deniz Verfasser aut Capital Inflows, Credit Growth, and Financial Systems Igan, Deniz Washington, D.C International Monetary Fund 2015 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers: Working Paper No. 15 / 193 Description based upon print version of record Exploiting a granular panel dataset that breaks down capital inflows into FDI, portfolio and other categories, and distinguishes between credit to the household sector and to the corporate sector, we investigate the association between capital inflows and credit growth. We find that non-FDI capital inflows boost credit growth and increase the likelihood of credit booms in both household and corporate sectors. For household credit growth, the composition of capital inflows appears to be more important than financial system characteristics. In contrast, for corporate credit growth, both the composition and the financial system matter. Regardless of sectors and financial systems, net other inflows are always linked to rapid credit growth. Firm-level data corroborate these findings and hint at a causal link: net other inflows are related to more rapid credit growth for firms that rely more heavily on external financing. Further explorations on how capital flows translate into more credit indicate that both demand and supply side factors play a role Online-Ausg Electronic books Tan, Zhibo Sonstige oth http://www.elibrary.imf.org/view/IMF001/22783-9781513581262/22783-9781513581262/22783-9781513581262.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Igan, Deniz Capital Inflows, Credit Growth, and Financial Systems |
| title | Capital Inflows, Credit Growth, and Financial Systems |
| title_auth | Capital Inflows, Credit Growth, and Financial Systems |
| title_exact_search | Capital Inflows, Credit Growth, and Financial Systems |
| title_exact_search_txtP | Capital Inflows, Credit Growth, and Financial Systems |
| title_full | Capital Inflows, Credit Growth, and Financial Systems Igan, Deniz |
| title_fullStr | Capital Inflows, Credit Growth, and Financial Systems Igan, Deniz |
| title_full_unstemmed | Capital Inflows, Credit Growth, and Financial Systems Igan, Deniz |
| title_short | Capital Inflows, Credit Growth, and Financial Systems |
| title_sort | capital inflows credit growth and financial systems |
| url | http://www.elibrary.imf.org/view/IMF001/22783-9781513581262/22783-9781513581262/22783-9781513581262.xml |
| work_keys_str_mv | AT igandeniz capitalinflowscreditgrowthandfinancialsystems AT tanzhibo capitalinflowscreditgrowthandfinancialsystems |