• English
    • Türkçe
  • English 
    • English
    • Türkçe
  • Login
View Item 
  •   DSpace Home
  • Araştırma Çıktıları / Scopus
  • Araştırma Çıktıları / Scopus
  • View Item
  •   DSpace Home
  • Araştırma Çıktıları / Scopus
  • Araştırma Çıktıları / Scopus
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

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

Thumbnail
Date
2020
Author
Danışman, Gamze Öztürk
Ersan, Oğuz
Demir, Ender
Abstract
Using 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.

Source

Journal of Multinational Financial Management

Issue

December 2020

Volume

57-58

URI

https://doi.org/10.1016/j.mulfin.2020.100653
https://hdl.handle.net/20.500.12469/3647

Collections

  • Araştırma Çıktıları / Scopus [1565]
  • Araştırma Çıktıları / WOS [1518]
  • Muhasebe ve Finans Yönetimi / Accounting and Financial Management [15]
  • Uluslararası Ticaret ve Finans / International Trade and Finance [42]

Keywords

Credit growth
Debt maturity
Economic policy uncertainty
European banks

Share


DSpace software copyright © 2002-2015  DuraSpace
Contact Us | Send Feedback
Theme by 
@mire NV
 

 

Browse

All of DSpaceCommunities & CollectionsBy Issue DateBy AuthorsBy TitlesBy SubjectsBy TypesBy LanguagesBy DepartmentsBy PublishersBy KHAS AuthorsBy Access TypesThis CollectionBy Issue DateBy AuthorsBy TitlesBy SubjectsBy TypesBy LanguagesBy DepartmentsBy PublishersBy KHAS AuthorsBy Access Types

My Account

LoginRegister

Statistics

View Google Analytics Statistics

DSpace software copyright © 2002-2015  DuraSpace
Contact Us | Send Feedback
Theme by 
@mire NV