, and credit to the private sector has risen threefold. Loan classification, provisioning, and even capital remain uneven in …

a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and … investment). In addition, our empirical model allows for feedback from spending and income to bank capital adequacy and credit …. Hence, we trace the full credit cycle. An exogenous fall in the bank capital/asset ratio by one percentage point reduces …

, the exclusive use of a letter of credit in international transactions exacerbates a collapse in trade during a financial … crisis. The basic model considers banks' optimal screening decisions in the presence of counterparty default risks. In … equilibrium, banks will maintain a higher precision screening test for domestic firms and a lower precision screening test for …

Rapid private sector credit growth in the Middle East, North Africa, and Central Asia has been a result of strong … economic growth, financial deepening, and banks’ willingness to explore consumer credit markets. Economic growth, the initial … ratio of private sector credit to GDP, price volatility, and nonoil exports are found to be significant explanatory …