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dc.contributor.authorDanışman, Gamze Öztürk
dc.contributor.authorErsan, Oğuz
dc.contributor.authorDemir, Ender
dc.date.accessioned2020-12-24T10:52:28Z
dc.date.available2020-12-24T10:52:28Z
dc.date.issued2020
dc.identifier.issn1042-444X
dc.identifier.urihttps://doi.org/10.1016/j.mulfin.2020.100653en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12469/3647
dc.description.abstractUsing a sample of 2977 private and listed banks in the EU-5 countries (the United Kingdom, Germany, Spain, Italy, France) for the years 2009–2018, this paper explores the impact of Economic Policy Uncertainty (EPU) on credit growth. Using panel data fixed effects methodology and controlling for endogeneity using two-step difference GMM estimators, our findings indicate that uncertainty in economic policies hampers the credit growth of European banks. Our bank type-based analyses indicate that the effect is mainly valid for cooperative banks. Additional analyses imply that the negative impact of EPU on credit growth is more pronounced in civil law countries, increases with debt maturity, and weakens for banks with a larger number of employees and branches. Furthermore, the unfavorable effects are stronger in well-capitalized banks, banks with foreign subsidiaries, and banks with a higher share of wholesale funding. We also provide several policy implications for different economic actors.en_US
dc.language.isoEnglishen_US
dc.publisherElsevier B.V.en_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectCredit growthen_US
dc.subjectDebt maturityen_US
dc.subjectEconomic policy uncertaintyen_US
dc.subjectEuropean banksen_US
dc.titleEconomic Policy Uncertainty And Bank Credit Growth: Evidence From European Banksen_US
dc.typeArticleen_US
dc.relation.journalJournal of Multinational Financial Managementen_US
dc.identifier.issueDecember 2020en_US
dc.identifier.volume57-58en_US
dc.identifier.doi10.1016/j.mulfin.2020.100653en_US
dc.contributor.khasauthorDanışman, Gamze Öztürken_US
dc.contributor.khasauthorErsan, Oğuzen_US


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