Economic Policy Uncertainty and Bank Credit Growth: Evidence From European Banks

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.departmentFakülteler, İşletme Fakültesi, Muhasebe ve Finans Yönetimi Bölümüen_US
dc.departmentFakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümüen_US
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.identifier.citation44
dc.identifier.doi10.1016/j.mulfin.2020.100653en_US
dc.identifier.issn1042-444Xen_US
dc.identifier.issn1042-444X
dc.identifier.issue12/01/20en_US
dc.identifier.scopus2-s2.0-85092624139en_US
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://hdl.handle.net/20.500.12469/3647
dc.identifier.urihttps://doi.org/10.1016/j.mulfin.2020.100653
dc.identifier.volume57-58en_US
dc.identifier.wosWOS:000600674700002en_US
dc.identifier.wosqualityQ1
dc.institutionauthorDanışman, Gamze Öztürken_US
dc.institutionauthorErsan, Oğuz
dc.institutionauthorÖztürk Danışman, Gamze
dc.language.isoenen_US
dc.publisherElsevier B.V.en_US
dc.relation.journalJournal of Multinational Financial Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_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
dspace.entity.typePublication
relation.isAuthorOfPublication668cc704-cc26-4a39-bb0f-5db2099bf1d3
relation.isAuthorOfPublication6629e6e7-22c3-4c86-9ab0-09997a609091
relation.isAuthorOfPublication.latestForDiscovery668cc704-cc26-4a39-bb0f-5db2099bf1d3

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