Does economic uncertainty affect domestic credits? an empirical investigation
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F19%3A63523199" target="_blank" >RIV/70883521:28120/19:63523199 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S1042443119300824?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S1042443119300824?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.intfin.2019.101147" target="_blank" >10.1016/j.intfin.2019.101147</a>
Alternative languages
Result language
angličtina
Original language name
Does economic uncertainty affect domestic credits? an empirical investigation
Original language description
Using the new measure of economic policy uncertainty of Ahir et al. (2018) (i.e. the World Uncertainty Index) this paper examines the effects of economic policy uncertainty on the level of domestic credits in the panel dataset of 139 countries for the period from 1996 to 2017. The paper uses two measures of domestic credits: domestic credit to the private sector by banks and domestic credit to the private sector. The findings of the fixed-effects and the system Generalized Method of Moments (GMM) estimations show that a higher level of economic policy uncertainty decreases the level of domestic credits. The paper also implements various sensitivity analyses, i.e. To exclude the outliers and the countries in the different regions as well as to include various controls. The main evidence remains robust.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of International Financial Markets, Institutions and Money
ISSN
1042-4431
e-ISSN
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Volume of the periodical
2019
Issue of the periodical within the volume
63
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
11
Pages from-to
101147-101157
UT code for WoS article
000501989500007
EID of the result in the Scopus database
2-s2.0-85075899551