Determinants of Long-Term versus Short-Term Bank Credit in EU Countries [electronic resource] / Park, Haelim.
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TextPublication details: Washington, D.C. : The World Bank, 2015Description: 1 online resource (47 p.)Subject(s): Access to finance | Advanced economies | Bank credit | Bankruptcy and resolution of financial distress | Banks and banking reform | Credit maturity | Debt markets | Economic theory & research | Emerging markets | Eu countries | Finance and financial sector development | Macroeconomics and economic growthAdditional physical formats: Park, Haelim: Determinants of Long-Term versus Short-Term Bank Credit in EU CountriesOnline resources: Click here to access online Abstract: This paper empirically examines the determinants of credit at different maturities across European Union countries during the last decade. The paper documents the lengthening of maturities since the early 2000s, and whether these patterns were driven by similar factors in advanced countries and in emerging market countries. Before the 2008 crisis, long-term credit expanded faster than short-term credit in most countries in the sample, and contracted less than short-term credit after 2008. The paper finds that domestic deposits and foreign liabilities were more important sources of funding in emerging market countries than in advanced countries. Moreover, trade openness and initial banking sector depth matter more for emerging market countries than for advanced countries.
This paper empirically examines the determinants of credit at different maturities across European Union countries during the last decade. The paper documents the lengthening of maturities since the early 2000s, and whether these patterns were driven by similar factors in advanced countries and in emerging market countries. Before the 2008 crisis, long-term credit expanded faster than short-term credit in most countries in the sample, and contracted less than short-term credit after 2008. The paper finds that domestic deposits and foreign liabilities were more important sources of funding in emerging market countries than in advanced countries. Moreover, trade openness and initial banking sector depth matter more for emerging market countries than for advanced countries.
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