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Bank wholesale funding and credit procyclicality: Evidence from Korea
2013
Panoeconomicus
Credit procyclicality has recently been the focus of considerable attention, but what fuels the often excessive credit growth is rarely questioned. We investigate the relationship between the composition of banks' liabilities and their credit procyclicality. After examining the macroeconomic context where banks rely increasingly on wholesale funding (WSF), we estimate the effect of WSF on the banks' credit growth using panel data for the
doi:10.2298/pan1305615j
fatcat:6r63lerm7bhede6agctz3xelye