Reference : Remittances and credit in developed and developing countries: A dynamic panel analysis
Scientific journals : Article
Business & economic sciences : Finance
http://hdl.handle.net/10993/38050
Remittances and credit in developed and developing countries: A dynamic panel analysis
English
Leon, Florian mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Fromentin, Vincent []
2019
Research in International Business and Finance
Elsevier
48
310-320
Yes
International
0275-5319
Netherlands
[en] Remittances ; financial development ; household and firm credit
[en] This article investigates the impact of remittances on credit in 30 developing (low and middle income) countries and 27 developed (high-income) countries during the period of 2000-2014. This paper differs from existing literature in two ways. First, we distinguish the impact of remittances on credit in both the short run and the long run. Second, we investigate whether remittances influence credit provided to households and credit provided to firms differently, thanks to a new dataset. Our results indicate that (i) remittances have a positive impact on credit in the long run but no impact in the short run; (ii) remittances have a stronger effect on household credit than on firm credit in developing countries; and, (iii) remittances stimulate credit provision through firm credit in developed countries.
http://hdl.handle.net/10993/38050
10.1016/j.ribaf.2018.12.010
https://www.sciencedirect.com/science/article/pii/S0275531918305014?via%3Dihub

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