IMF paper explores capital inflows and credit growth
Link between the two depends on composition of inflows
Capital inflows boost credit growth and increase the likelihood of booms in both the household and corporate sectors of an economy, according to a working paper published by the International Monetary Fund on August 19.
In Capital inflows, credit growth, and financial systems, Deniz Igan and Zhibo Tan draw on a granular panel dataset from 33 countries covering the period 1980–2011.
The authors find the composition of capital inflows influences their impact on credit growth, noting there is no
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