International Spillovers and Local Credit Cycles
Julian di Giovanni, Şebnem Kalemli-Özcan, Mehmet Fatih Ulu, and Yusuf So
,
2
(
89
)
The Review of Economic Studies
733–773
October
2021
Abstract
This paper studies the transmission of the Global Financial Cycle (GFC) to domestic credit market conditions in a large emerging market, Turkey, over 2003–13.