The Effect of Episodes of Large Capital Inflows on Domestic Credit
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper analyses the effect of capital inflow shocks on the evolution of domestic credit. Using a panel of developed and emerging economies from 1970 to 2007, it is shown that in the two years following the beginning of a capital inflow shock the credit-to-GDP ratio increases by about 2 percentage points. The effect is reversed in the...
