Does economic uncertainty affect domestic credits? an empirical investigation

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Does economic uncertainty affect domestic credits? an empirical investigation

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Does economic uncertainty affect domestic credits? an empirical investigation

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of International Financial Markets, Institutions and Money

ISSN

1042-4431

e-ISSN

—

Svazek periodika

2019

Číslo periodika v rámci svazku

63

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

11

Strana od-do

101147-101157

Kód UT WoS článku

000501989500007

EID výsledku v databázi Scopus

2-s2.0-85075899551