Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/216782 
Year of Publication: 
2017
Citation: 
[Journal:] Journal of International Economics [ISSN:] 0022-1996 [Volume:] 108, Supplement 1 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2017 [Pages:] S15-S22
Publisher: 
Elsevier, Amsterdam
Abstract: 
We examine the role of the international credit channel in Turkey over 2005–2013. We show that larger, more capitalized banks with higher non-core liabilities increase credit supply when capital inflows are higher. This result is stronger for domestic banks relative to foreign banks and survives during the crisis period of post-2008, when foreign banks in general stop lending in emerging markets and retreat to their home countries. By decomposing capital inflows into bank and non-bank flows, we show the importance of domestic banks' external borrowing for domestic credit growth.
Subjects: 
capital flows
bank-lending channel
bank heterogeneity
JEL: 
E0
F0
F1
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article
Document Version: 
Published Version
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