Bank credit, public financial incentives, tax financial incentives and export performance during the global financial crisis

World Economy ◽  
2019 ◽  
Vol 43 (1) ◽  
pp. 114-145 ◽  
Author(s):  
Luke Emeka Okafor ◽  
Mita Bhattacharya ◽  
Nicholas Apergis
Keyword(s):  
Financial Crisis ◽  
Financial Incentives ◽  
Global Financial Crisis ◽  
Export Performance ◽  
Bank Credit ◽  
The Global Financial Crisis

scholarly journals Bank Credit, Public Financial Incentives, Tax Financial Incentives and Export Performance During the Global Financial Crisis: A Review

2020 ◽  
Vol 8 (2) ◽  
pp. 1-4
Author(s):  
Luke Emeka Okafor
Keyword(s):  
Financial Crisis ◽  
Financial Incentives ◽  
Global Financial Crisis ◽  
Export Performance ◽  
Bank Credit ◽  
Access To Credit ◽  
The Global Financial Crisis ◽  
The Uk ◽  
The Empirical Analysis ◽  
The Eu

The EU-EFIGE/Bruegel-Unicredit comparable dataset consisting of firms operating in Austria, France, Germany, Italy, Hungary, Spain, and the UK was used for the empirical analysis. To cover the gaps in the existing literature, the study under review investigates the effects of access to credit and financial incentives on firms’ export performance during the period of the 2008 global financial crisis. This includes examining the moderating roles of firm size and financial development on the link between access to credit or financial incentives and export performance.

scholarly journals A Panel Data Analysis on Sustainable Economic Growth in India, Brazil, and Romania

2020 ◽  
Vol 13 (8) ◽  
pp. 170 ◽  
Author(s):  
Batrancea Ioan ◽  
Rathnaswamy Malar Kumaran ◽  
Batrancea Larissa ◽  
Nichita Anca ◽  
Gaban Lucian ◽  
...  
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Panel Data ◽  
Financial Crisis ◽  
Co2 Emissions ◽  
Global Financial Crisis ◽  
Panel Data Analysis ◽  
Bank Credit ◽  
The Global Financial Crisis ◽  
Sustainable Economic Growth

The study investigated the impact of factors such as non-performing loans, CO2 emissions, bank credit, and inflation on the variable sustainable economic growth for India, Brazil, and Romania during the period 2005–2017, through a panel data analysis. Specifically, we investigated the timeline before, during, and after economic turmoil, with a special focus on the global financial crisis. Our empirical results are valuable for both developing and developed nations. As a first result, we showed that CO2 emissions increased the level of economic growth, but in this context, authorities should design suitable policies to limit its impact on the overall society. In addition, a single supervision mechanism increased the level of sustainable economic growth. Last but not the least, the period during and after the global financial crisis, sustainable economic growth decreased under the influence of bank credit, inflation, and non-performing loans. Within this framework, public authorities are called to design efficient economic, fiscal, and monetary policies.

From Financial Crisis to Great Recession: The Role of Globalized Banks

2012 ◽  
Vol 102 (3) ◽  
pp. 225-230 ◽  
Author(s):  
Shekhar Aiyar
Keyword(s):  
Financial Crisis ◽  
Great Recession ◽  
Global Financial Crisis ◽  
Balance Sheet ◽  
Bank Credit ◽  
Real Economy ◽  
Bank Of England ◽  
Bank Funding ◽  
The Global Financial Crisis

This paper provides evidence of the role of globalized banks in transmitting financial stresses to the real economy during the global financial crisis. A novel dataset is constructed from quarterly balance sheet reports provided by all UK-resident banks to the Bank of England. I find that the shock to bank funding from non-resident creditors was transmitted domestically through a significant reduction in bank credit supply. Resident subsidiaries and branches of foreign-owned banks reduced lending by a larger amount than domestically-owned banks, while the latter calibrated the reduction in domestic lending more closely to the size of the funding shock.

The impact of the global financial crisis on Moroccan exports: a gravity model approach

2019 ◽  
Vol 10 (1) ◽  
pp. 102-115
Author(s):  
Abdelmounaim Lahrech ◽  
Anass Faribi ◽  
Husam-Aldin N. Al-Malkawi ◽  
Kevin Sylwester
Keyword(s):  
Financial Crisis ◽  
Gravity Model ◽  
Global Financial Crisis ◽  
Export Performance ◽  
Aggregate Demand ◽  
Model Framework ◽  
Content Type ◽  
Trading Partners ◽  
The Global Financial Crisis ◽  
The Impact

Purpose The purpose of this paper is to examine the impact of the global financial crisis (GFC) on Morocco’s export performance employing a gravity model framework. Design/methodology/approach The authors investigate trade flows between Morocco and its 18 major trading partners from 2001 to 2015. The authors employ a trade gravity model using a first-order Taylor approximation of multilateral resistance terms and estimate by OLS and PPML. Findings Morocco’s export performance was affected by the GFC. The authors find evidence that the fall in aggregate demand from Morocco’s trading partners, particularly in Europe, led to a fall in its exports. The authors also find that Morocco’s exports are positively correlated with the market size of its partner but negatively associated with distance. Originality/value This study contributes to the literature in two distinct ways. First, it examines variables affecting export performance in one of the emerging markets in the Middle East and North Africa region. Second, it assesses empirically whether there is a relationship between the GFC and the decline in Moroccan exports. The study also provides a number of important implications for policy makers and academics.

Effects Of The Global Financial Crisis On Bank Credit To Sme’s

2015 ◽  
Vol 3 (7) ◽  
pp. 76-87
Author(s):  
OLOYE M.I ◽  
OBADIARU E.D ◽  
BAMIGBOLA A.
Keyword(s):  
Financial Crisis ◽  
Industrial Development ◽  
Global Financial Crisis ◽  
Credit Rationing ◽  
Bank Credit ◽  
Primary Data ◽  
Medium Scale ◽  
General Terms ◽  
The Global Financial Crisis ◽  
The Impact

The aim of this study is to examine the impact of the global financial crisis on the availability of bank credit to the Small and Medium Scale Enterprises (SME’s) sector of the Nigerian economy. In general terms, credit availability is a major catalyst to economic growth in any nation, and studies have shown that SME’s serve as the engine room for driving industrial development, wealth creation and financial independence. The effects of financial meltdown on SME’s is of great concern at this point in time. To achieve this aim, both secondary and primary data were used for the study. Chi square was used to analyze the primary data, while graph, percentages and the ordinary least square were used to analyze the secondary data. The findings of the study show that indeed the global financial crises negatively impacted the availability of credit to small and medium scale enterprises, thus worsening the credit rationing behavior of banks to the sector.

scholarly journals CREDIT AND ECONOMIC REGENERATION AFTER THE FINANCIAL CRISIS IN CESEE

2016 ◽  
Vol 4 ◽  
pp. 154-163
Author(s):  
Bekim Stafai ◽  
Rilind Ademi
Keyword(s):  
Financial Crisis ◽  
Growth Rates ◽  
Economic Activity ◽  
Global Financial Crisis ◽  
The Other ◽  
Bank Credit ◽  
Bank Performance ◽  
Policy Action ◽  
Demand And Supply ◽  
The Global Financial Crisis

The global financial crisis terminated lending growth rates in CESEE countries, and seven years after financial global crisis, bank credit still continues with depression rate.  Demand and supply for bank credit are contracted, as a results of various factors. The paper tries to find the level of credit contraction and factors that may have affected it, as well as policy action which are being taken to improve bank performance. Economic activity on the other hand, despite the depressed credit growth rates seem to show a trend of regeneration. This phenomenon of increasing economic activity without the support of the loan seems is happening in this post-crisis period in CESEE countries, although we must say that it remains undesirable phenomenon.

scholarly journals BANK CREDIT TO THE PRIVATE SECTOR BEFORE, DURING AND AFTER THE CRISIS – EVIDENCE FROM CESEE COUNTRIES

2016 ◽  
Vol 4 ◽  
pp. 142-153
Author(s):  
Rilind Ademi
Keyword(s):  
Financial Crisis ◽  
Private Sector ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Financial System ◽  
High Growth ◽  
Bank Credit ◽  
East Europe ◽  
South East Europe ◽  
The Global Financial Crisis

The banking sector constitutes nearly the whole financial system in South East Europe and Central East Europe and as such is vital for the placement of loans in the economy.The period before the global financial crisis recorded high growth in loan, averaging 30% per year during 2004 to 2008.The period during and after the crisis recorded significant falls in loan rates, generally from reductions in funding from abroad and which before the crisis were abundant.This paper aims to examine loan rates in both periods, comparing the potential determinants of credit in the private sector. We also attempt to answer whether there was excess lending before the crisis and in addition deficient lending during and after the crisis.

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