In this paper, we propose an alternative methodology to determine the existence of credit booms, which is a complex and … other than the credit growth rate contain valuable information to predict credit boom episodes. Our econometric method is … used to estimate and predict the probability of being in a credit boom. We run empirical exercises on quarterly data for …

The relationship between capital flows and domestic credit emerges from different channels which are usually not … shocks on capital debt flows can affect credit-related variables. The model predicts that a foreign credit crunch will affect … aggregate credit and will reduce the proportion of firms with access to intermediated funds. A VEC model is estimated to …

In this paper we investigate the impact of rapid credit growth on ex ante credit risk. We present micro …-econometric evidence of the positive relationship between rapid credit growth and deterioration in lending portfolios: Loans granted during … boom periods have higher probability of default than those granted during periods of slow credit growth. In addition, given …

, as a reaction to domestic credit conditions. The effects of RR on interest rate and interest rate pass-through in an … depend on the degree of substitution between deposits and central bank credit as sources of funds for banks and on the extent …

Evidence of the causal long-term relationship between budget deficit, money growth and inflation in Colombia is … analyzed in this paper, considering the standard (M1), the narrowest (M0-Base) and the broadest (M3) definitions of money … relationship between inflation and money growth on the one hand, and between money growth and fiscal deficit, on the other. The …