Institutions, Economic Openness and Credit Cycles: An International Evidence

• Autorzy: Canh Phuc Nguyen , Christophe Schinckus , Su Dinh Thanh , Felicia Hui Ling Chong
• Języki publikacji: EN

Abstrakty

EN

This study aims at investigating the influence of institutions and economic openness on credit cycles in a global sample. Six institutional quality indicators combined with net inward FDI and trade openness are collected to estimate, respectively, the effects of institutions and economic openness on credit cycles. Our panel data covers 60 economies, including 32 low- and middle-income economies (LMEs) and 28 high-income economies (HIEs), the data ranging between 2003 and 2017. Although better institutions tend to stimulate credit growth, they significantly stabilize credit cycles. These findings are documented with significant results in LMEs while it is less obvious in HIEs. (original abstract)

Słowa kluczowe

EN

Institutional economics; Foreign investment; Direct investments; Credit cycle; Open economy

PL

Ekonomia instytucjonalna; Inwestycje zagraniczne; Inwestycje bezpośrednie; Cykl kredytowy; Gospodarka otwarta

• Czasopismo: Journal of International Studies
• Rocznik: 2020
• Tom: 13
• Numer: nr 4
• Strony: 229--247

Twórcy

autor

Canh Phuc Nguyen

• University of Economics Ho Chi Minh City, Vietnam

autor

Christophe Schinckus

• Taylor's University, Malaysia

autor

Su Dinh Thanh

• University of Economics Ho Chi Minh City, Vietnam

autor

Felicia Hui Ling Chong

• Taylor's University, Malaysia

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Identyfikatory

DOI

10.14254/2071-8330.2020/13-4/16