This paper updates the standard workhorse model of banks' reserve management to include frictions inherent to money …

. While both types of intermediaries create safe "money-like" claims, they go about this in very different ways. Traditional …

Yes, they can. I propose a new method to detect credit booms and busts from multivariate systems -- monetary Bayesian … vector autoregressions. When observed credit is systematically higher than credit forecasts justified by real economic … activity variables, a positive credit gap emerges. The methodology is tested for 31 advanced and emerging market economies. The …

This paper examines the mechanism through which banking sector distress affects the availability of credit. We use the … Commerce regarding the availability of credit, and examine which aspects of the banking system collapse affected credit … availability as indicated by the survey. A number of scholars have posited different ways that bank distress constrained credit …

This paper presents empirical evidence on the effect of banks' financial position on credit growth using a sample of 29 … most important predictor of credit growth in the current year. The relationship between capital and credit growth is non … (decrease) in capital is associated with an increase (decrease) of 0.8 (0.3) percentage points in credit growth upon impact and …

We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that … potentially drive bank and nonbank credit growth. We find that sectoral shocks affecting the balance sheets of entrepreneurs who … borrow from the financial sector are important for the business cycle frequency fluctuations in bank and nonbank credit …

pressure, and excessive credit growth by allocating income to agents featuring low marginal propensity to consume, and if …

Our paper studies the role of the collateral channel for bank credit using confidential bank-firm-loan data. We … higher growth in bank lending with higher sensitivities for more credit constrained firms. Higher real estate values boost …

mattered for aggregate demand. (ii) The base might serve as a useful indicator of the likely future course of the money stock … money stock, and the economy. Such stimulative actions implied increases in the monetary base; however, Meltzer did …