Economic Policy Uncertainty And Bank Credit Growth: Evidence From European Banks
dc.contributor.author | Ersan, Oğuz | |
dc.contributor.author | Öztürk Danışman, Gamze | |
dc.contributor.author | Demir, Ender | |
dc.date.accessioned | 2020-12-24T10:52:28Z | |
dc.date.available | 2020-12-24T10:52:28Z | |
dc.date.issued | 2020 | |
dc.department | Fakülteler, İşletme Fakültesi, Muhasebe ve Finans Yönetimi Bölümü | en_US |
dc.department | Fakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümü | en_US |
dc.description.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. | en_US |
dc.identifier.citation | 44 | |
dc.identifier.doi | 10.1016/j.mulfin.2020.100653 | en_US |
dc.identifier.issn | 1042-444X | en_US |
dc.identifier.issn | 1042-444X | |
dc.identifier.issue | 12/01/20 | en_US |
dc.identifier.scopus | 2-s2.0-85092624139 | en_US |
dc.identifier.scopusquality | Q1 | |
dc.identifier.uri | https://hdl.handle.net/20.500.12469/3647 | |
dc.identifier.uri | https://doi.org/10.1016/j.mulfin.2020.100653 | |
dc.identifier.volume | 57-58 | en_US |
dc.identifier.wos | WOS:000600674700002 | en_US |
dc.identifier.wosquality | Q1 | |
dc.institutionauthor | Danışman, Gamze Öztürk | en_US |
dc.institutionauthor | Ersan, Oğuz | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier B.V. | en_US |
dc.relation.journal | Journal of Multinational Financial Management | en_US |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.rights | info:eu-repo/semantics/embargoedAccess | en_US |
dc.subject | Credit growth | en_US |
dc.subject | Debt maturity | en_US |
dc.subject | Economic policy uncertainty | en_US |
dc.subject | European banks | en_US |
dc.title | Economic Policy Uncertainty And Bank Credit Growth: Evidence From European Banks | en_US |
dc.type | Article | en_US |
dspace.entity.type | Publication | |
relation.isAuthorOfPublication | 668cc704-cc26-4a39-bb0f-5db2099bf1d3 | |
relation.isAuthorOfPublication | 6629e6e7-22c3-4c86-9ab0-09997a609091 | |
relation.isAuthorOfPublication.latestForDiscovery | 668cc704-cc26-4a39-bb0f-5db2099bf1d3 |