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.

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