midst of credit intensive booms and bring about particularly deep and long-lasting recessions. We attempt to explain these … information on this market may generate sudden interbank market freezes, SBCs, credit crunches and, ultimately, severe recessions …. Simulations of a calibrated version of the model indicate that typical SBCs break out in the midst of a credit boom generated by a …

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 activate macroprudential tools targeting excessive credit growth and leverage. To robustly select the key indicators … using credit to GDP gaps, credit to GDP ratios and credit growth rates, as well as real estate variables in addition to a …

bank credit cycle) and enables monitoring across countries in a simple and informative way. Indicators are derived from the …

of financial market crisis, i.e. those preceded by a spell of credit and real estate expansions. The aim is to …

We use multivariate unobserved components models to estimate trend and cyclical components in GDP, credit volumes and … cycles in credit and house prices, which are highly correlated with a medium-term component in GDP cycles. Differences across … pseudo real-time estimates of credit and house price cycles is roughly comparable to that of GDP cycles …

pecuniary externality generates large reductions in the volatility of real estate prices and credit. Therefore, policies that …

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 …