This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for …

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This … paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of …

beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …

random and therefore create liquidity risk, which in turn determines the supply of credit and the money multiplier. We study … important role of disruptions in interbank markets, followed by a persistent credit demand shock. …

. Total external debt (public and private) and domestic credit are also included through 2013. This combination gives a broad …

The crisis of the advanced economies in 2008-09 has focused new attention on money and credit fluctuations, financial … crises, and policy responses. We study the behavior of money, credit, and macroeconomic indicators over the long run based on … half of the twentieth century as shown by a decoupling of money and credit aggregates. We show for the first time how …

This paper studies the limitations of monetary policy transmission within a credit channel frame- work. We show that …, under certain circumstances, the credit channel transmission mechanism fails in that liquidity injections by the central … bank into the banking sector are hoarded and not lent out. We use the term 'credit traps' to describe such situations and …

-run historical work has uncovered a range of important stylized facts concerning financial instability and the role of credit in …