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Does economic uncertainty affect domestic credits? an empirical investigation

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dc.title Does economic uncertainty affect domestic credits? an empirical investigation en
dc.contributor.author Gözgör, Giray
dc.contributor.author Demir, Ender
dc.contributor.author Belás, Jaroslav
dc.contributor.author Yesilyurt, Serkan
dc.relation.ispartof Journal of International Financial Markets, Institutions and Money
dc.identifier.issn 1042-4431 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2019
utb.relation.volume 63
dc.type article
dc.language.iso en
dc.publisher Elsevier Ltd
dc.identifier.doi 10.1016/j.intfin.2019.101147
dc.relation.uri https://www.sciencedirect.com/science/article/pii/S1042443119300824
dc.subject Domestic credits en
dc.subject Private sector credits en
dc.subject Uncertainty shocks en
dc.subject Business cycle fluctuations en
dc.subject External imbalances en
dc.subject Panel data estimation techniques en
dc.description.abstract Using the new measure of uncertainty (i.e., the World Uncertainty Index), this paper analyzes the effects of uncertainty on the level of domestic credits in a panel of 139 countries for the period from 1996 to 2017. The findings of the fixed-effects and the system Generalized Method of Moments (GMM) estimations show that a higher level of uncertainty decreases the level of domestic credits. Per capita income and money supply are positively related to the domestic credits, but the current account balance is negatively associated with domestic credit measures. After implementing various sensitivity analyses, i.e., to exclude the outliers and the countries in the different regions as well as to include various controls, the primary evidence remains robust. © 2019 Elsevier B.V. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009467
utb.identifier.obdid 43880242
utb.identifier.scopus 2-s2.0-85075899551
utb.identifier.wok 000501989500007
utb.source j-scopus
dc.date.accessioned 2019-12-20T12:39:21Z
dc.date.available 2019-12-20T12:39:21Z
dc.description.sponsorship Tianjin Municipal Education Commission [2019JWZD56]
utb.contributor.internalauthor Belás, Jaroslav
utb.fulltext.affiliation Giray Gozgor a, Ender Demir a*, Jaroslav Belas b, Serkan Yesilyurt c a Istanbul Medeniyet University, Turkey b Tomas Bata University in Zlin, Czech Republic c Bahcesehir University, Turkey * Corresponding author. E-mail addresses: giray.gozgor@medeniyet.edu.tr (G. Gozgor), ender.demir@medeniyet.edu.tr (E. Demir), belas@utb.cz (J. Belas), serkan.yesilyurt@eas. bau.edu.tr (S. Yesilyurt).
utb.fulltext.dates Received 21 February 2019 Accepted 9 November 2019 Available online 11 November 2019
utb.fulltext.sponsorship We would like to acknowledge the funding from Tianjin Municipal Education Commission, Grant Number: 2019JWZD56.
utb.wos.affiliation [Gozgor, Giray; Demir, Ender] Istanbul Medeniyet Univ, Istanbul, Turkey; [Belas, Jaroslav] Tomas Bata Univ Zlin, Zlin, Czech Republic; [Yesilyurt, Serkan] Bahcesehir Univ, Istanbul, Turkey
utb.scopus.affiliation Istanbul Medeniyet University, Turkey; Tomas Bata University in Zlin, Czech Republic; Bahcesehir University, Turkey
utb.fulltext.projects 2019JWZD56
utb.identifier.jel -
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