Jobert, Thomas; Monahov, Alexandru; TYKHONENKO, Anna - Groupe de REcherche en Droit, Économie, Gestion … - 2014
We study the impact of prudential supervision on domestic credit in 27 countries throughout 1999-2012. We use the Empirical Iterative Bayes’ estimator to account for country heterogeneity. We find: (i) the interest rate not to be a fundamental variable in explaining domestic credit, (ii)...