Details

Autor(en) / Beteiligte

• Şendeniz-Yüncü, İlkay

Titel

Impact of Nonresident Bank Loans on Economic Activity

Ist Teil von

• Global Economic Challenges, 2023, p.113-121

Ort / Verlag

Switzerland: Springer International Publishing AG

Erscheinungsjahr

2023

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• This study investigates the role of nonresident bank loans in economic activity. Analyses are conducted with GMM dynamic panel data techniques. The results show that nonresident bank loans have a statistically significant negative effect on economic activity. This finding is robust when controlling for banking sector development and stock market development indicators. The findings also show that while the stock market development indicator has a statistically significant positive effect on real per capita GDP, the banking sector development indicator has a statistically significant negative effect on economic activity, which may be explained by high amounts of debt and nonperforming loans in the sample countries. Results further show that inflation has a statistically significant negative effect on economic activity in all models.