01750cas a2200241 a 4500 AALejournalIMF015906 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513512952 1018-5941 BD-DhAAL BD-DhAAL Bouis, Romain. Banks' Holdings of Government Securities and Credit to the Private Sector in Emerging Market and Developing Economies / Romain Bouis. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies the relationship between banks' holdings of domestic sovereign securities and credit growth to the private sector in emerging market and developing economies. Higher banks' holdings of government debt are associated with a lower credit growth to the private sector and with a higher return on assets of the banking sector. Analysis suggests that the negative relationship between banks' claims on the government and private sector credit growth mainly reflects a portfolio rebalancing of banks towards safer, more liquid public assets in stress times and provides only limited evidence of a crowding-out effect due to financial repression. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2019/224 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/224/001.2019.issue-224-en.xml IMF e-Library