Determinants of domestic credit levels in emerging markets: The role of external factors
Tài liệu tham khảo
Agosin, 2005, Foreign investment in developing countries: does it crowd in domestic investment?, Oxf. Dev. Stud., 33, 149, 10.1080/13600810500137749
Aisen, 2010, Bank credit during the 2008 financial crisis: a cross-country comparison
Alcala, 2004, Trade and productivity, Q. J. Econ., 119, 613, 10.1162/0033553041382139
Anderson, 1982, Formulation and estimation of dynamic models using panel data, J. Econ., 18, 47, 10.1016/0304-4076(82)90095-1
Arellano, 1991, Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations, Rev. Econ. Stud., 58, 277, 10.2307/2297968
Arndt, 2010, FDI and domestic investment: an industry-level view. B.E, J. Econ. Anal. Policy, 10, 1
Avdjiev, 2012, Rapid credit growth and international credit: challenges for Asia
Bakker, 2010, The credit boom in the EU new member states: bad luck or bad policies?
Barajas, A., Dell’Ariccia, G., Levchenko, A., 2009. Credit booms: the good, the bad, and the ugly, Washington, DC: International Monetary Fund, mimeo.
Blundell, 1998, Initial conditions and moment restrictions in dynamic panel data models, J. Econ., 87, 115, 10.1016/S0304-4076(98)00009-8
Borio, 2011, Global credit and domestic credit booms, Bank Int. Settl. Q. Rev., 3, 43
Cheung, 2012, Are Chinese trade flows different?, J. Int. Money Financ., 31, 2127, 10.1016/j.jimonfin.2012.05.004
Edwards, 2012, The Federal Reserve, emerging markets, and capital controls: a high frequency empirical investigation, J. Money Credit Bank., 44, 151, 10.1111/j.1538-4616.2012.00556.x
Elekdag, 2012, What drives credit growth in emerging Asia?
Elekdag, 2011, Rapid credit growth: boon or boom–bust?
Fernandez-Villaverde, 2013, Political credit cycles: the case of the Eurozone, J. Econ. Perspect., 27, 145, 10.1257/jep.27.3.145
Frankel, 1999, Does trade cause growth?, Am. Econ. Rev., 89, 379, 10.1257/aer.89.3.379
Fungacova, 2013, The influence of bank ownership on credit supply: evidence from the recent financial crisis, Emerg. Mark. Rev., 15, 136, 10.1016/j.ememar.2013.02.002
Furceri, 2012, The effect of episodes of large capital inflows on domestic credit, N. Am. J. Econ. Finance, 23, 325, 10.1016/j.najef.2012.03.005
Gopinath, 2012, Trade prices and the global trade collapse of 2008–09, IMF Econ. Rev., 60, 303, 10.1057/imfer.2012.17
Gourinchas, 2012, Stories of the twentieth century for the twenty-first, Am. Econ. J. Macroecon., 4, 226, 10.1257/mac.4.1.226
Guo, 2011, Determinants of bank credit in emerging market economies
Hartelius, 2008, Emerging market spread compression: is it real or is it liquidity?
Hume, 2009, The global credit boom: challenges for macroeconomics and policy, J. Int. Money Financ., 28, 1426, 10.1016/j.jimonfin.2009.08.009
International Monetary Fund, 2011, 10.5089/9781616350994.081
Jorda, 2011, Financial crises, credit booms, and external imbalances: 140years of lessons, IMF Econ. Rev., 59, 340, 10.1057/imfer.2011.8
Kamil, 2010, The global credit crunch and foreign banks' lending to emerging markets: why did Latin America fare better?
Kim, 2008, Sovereign credit ratings, capital flows and financial sector development in emerging markets, Emerg. Mark. Rev., 9, 17, 10.1016/j.ememar.2007.06.001
Lane, 2013, Domestic credit growth and international capital flows
Luca, 2012, Capital inflows, financial development, and domestic investment: determinants and inter-relationships
Magud, 2012, Capital inflows, exchange rate flexibility, and credit booms
Mamatzakis, 2005, Competition and concentration in the banking sector of the south eastern European region, Emerg. Mark. Rev., 6, 192, 10.1016/j.ememar.2005.03.003
Mendoza, 2008, An anatomy of credit booms: evidence from macro aggregates and micro data, 10.1596/1813-9450-4444
Mendoza, 2012, An anatomy of credits booms and their demise, J. Econ. Chil. (Chil. Econ.), 15, 4
Mishkin, 2010, Monetary policy flexibility, risk management, and financial disruptions, J. Asian Econ., 21, 242, 10.1016/j.asieco.2009.07.005
Montoro, 2012, Credit in times of stress: lessons from Latin America, Bank Int. Settl. Q. Rev., 3, 51
Obstfeld, 2012, Does the current account still matter?, Am. Econ. Rev., 102, 1, 10.1257/aer.102.3.1
Obstfeld, 2010, Global imbalances and the financial crisis: products of common causes
Ostry, 2012, Tools for managing financial-stability risks from capital inflows, J. Int. Econ., 88, 407, 10.1016/j.jinteco.2012.02.002
Pesaran, 2004, General diagnostic tests for cross section dependence in panels
Pesaran, 2007, A simple panel unit root test in the presence of cross-section dependence, J. Appl. Econ., 22, 265, 10.1002/jae.951
Robinson, 1952, The generalization of the general theory
Romer, 1993, Openness and inflation: theory and evidence, Q. J. Econ., 108, 869, 10.2307/2118453
Schularick, 2012, Credit booms gone bust: monetary policy, leverage cycles and financial crises, 1870–2008, Am. Econ. Rev., 102, 1029, 10.1257/aer.102.2.1029
Takats, 2010, Was it credit supply? Cross-border bank lending to emerging market economies during the financial crisis, Bank Int. Settl. Q. Rev., 2, 49
Tang, 2008, Foreign direct investment, domestic investment and economic growth in China: a time series analysis, World Econ., 31, 1292, 10.1111/j.1467-9701.2008.01129.x