distinguishes between credit to the household sector and to the corporate sector, we investigate the association between capital … inflows and credit growth. We find that non-FDI capital inflows boost credit growth and increase the likelihood of credit … booms in both household and corporate sectors. For household credit growth, the composition of capital inflows appears to be …

European countries, and finds that rapid growth of private sector credit continues to be a key challenge for most of these …

Assessing when credit is excessive is important to understand macro-financial vulnerabilities and guide macroprudential … policy. The Basel Credit Gap (BCG) - the deviation of the credit-to-GDP ratio from its long-term trend estimated with a one … warning of banking crises. However, for a number of European countries this indicator implausibly suggests that credit should …

This paper explores the contribution of credit growth and the composition of credit portfolio (corporate, consumer, and … housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find … significant impact of credit growth on real GDP growth, with the magnitude and transmission channel of the impact of credit on …

Using a comprehensive database on bank credit, covering 135 developing countries over the period 1960–2011, we identify …, document, and compare the macro-economic dynamics of credit booms across low- and middle-income countries. The results suggest … that while the duration and magnitude of credit booms is similar across country groups, macro-economic dynamics differ …

shocks that can result from bank deleveraging and credit crunches. The framework ensures consistency in the key relationships …

importance differ across countries; and (iii) reserve money and the policy rate, two frequently used instruments of monetary …