This paper aims to shed light on the characteristics and particularly the determinants of credit-less recoveries. After … building a dataset and documenting some stylised facts of credit-less recoveries in emerging market economies, this paper uses … panel probit models to analyse key determinants of credit-less recoveries. Our main findings are the following. First, our …

to have a significant effect on economic activity and credit market variables, but to some extent also inflation, in all …

initially raises housing credit demand and crowds out credit to non-housing firms. If the bubble lasts, however, housing credit … repayments raise banks' net worth and expand credit supply, so that crowding-out eventually gives way to crowding-in. This is … consistent with evidence from the recent Spanish housing bubble. Initially, credit growth of non-housing firms was lower at banks …

loan portfolios, allow for interbank trading and show how a credit bubble can develop from a financial innovation. We then …

We use monthly data on individual loans from the Italian Credit Register over the period from 1997 to 2019 and show … that bank credit expansions in the non-financial private sector are mostly explained by variations in the extensive margin … calculated either in credit flows or headcount of new borrowers. We then build on a flow approach to decompose changes in the net …