Determinants of Long-Term versus Short-Term Bank Credit in EU Countries

Park, Haelim ; Ruiz, Claudia ; Tressel, Thierry

World Bank, Washington, DC

关键词: CREDIT MARKETS;    MONETARY POLICY;    DEPOSIT;    CAPITAL MARKETS;    FINANCIAL SERVICES;   

DOI  :  10.1596/1813-9450-7436
RP-ID  :  WPS7436

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper empirically examines thedeterminants of credit at different maturities acrossEuropean Union countries during the last decade. The paperdocuments the lengthening of maturities since the early2000s, and whether these patterns were driven by similarfactors in advanced countries and in emerging marketcountries. Before the 2008 crisis, long-term credit expandedfaster than short-term credit in most countries in thesample, and contracted less than short-term credit after2008. The paper finds that domestic deposits and foreignliabilities were more important sources of funding inemerging market countries than in advanced countries.Moreover, trade openness and initial banking sector depthmatter more for emerging market countries than for advanced countries.