Revisiting the relationship between cross-border capital flows and credit

被引：8
|
作者：
Carvalho, Daniel [1 ]
机构：
[1] Banco Portugal, Markets Anal Div, Rua Francisco Ribeiro 2, P-1150165 Lisbon, Portugal
来源：
INTERNATIONAL FINANCE | 2021年 / 24卷 / 02期
关键词：
capital flows; domestic credit; sectors; FINANCIAL INTEGRATION; GROWTH; INFLOWS; INTERMEDIATION;
D O I：
10.1111/infi.12388
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
A broad perspective on the sectoral composition of the domestic borrower and recipients of capital flows is needed to deepen the understanding of the mechanisms through which cross-border capital flows interact with credit provision. Exploring this detail reveals stark differences across (i) credit measures that include only lending by banks and those that encompass all lenders (ii) the sum of all private borrower sectors versus nonfinancial corporation and household credit (iii) advanced economies and emerging markets (iv) instrument and sectoral composition of flows.
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页码：179 / 218
页数：40
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