This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … supply factors, both for the whole 1993-2010 period and during periods of financial instability. Using bank-level panel data … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect …

This paper examines bank credit growth in emerging markets before, during, and after the 2008-09 financial crisis using … bank-level data, focusing on the role of bank ownership. Credit growth by foreign banks lagged behind that of domestic …-cyclical role during the crisis in particular in Latin America and emerging Europe, and credit by stateowned banks also grew faster …

This paper reviews the empirical relationships between credit growth, economic recovery, and bank profitability in … 10 percent increase in bank credit to the private sector is associated with a rise of 0.6-1 percent in real GDP and 2 … underperformance. Bank lending has been subdued as well, but this appears to have only held back the recovery relatively moderately. A …

Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy … weaknesses in bank balance sheets, consumption-led economic growth, and relatively high net interest margins. Bank-level analysis … suggests that interest margins in the Philippines rise with bank size, bank capitalization, foreign ownership, overhead costs …

We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt … price the short-term recessionary effects in loans but large consolidations can reduce or undo the increase in spreads …

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 …

We study the impact of bank credit on firm productivity. We exploit a matched firm-bankdatabase covering all the credit … relationships of Italian corporations, together with a naturalexperiment, to measure idiosyncratic supply-side shocks to credit … practices, while a credit expansion haslimited impact. Quantitatively, the credit contraction between 2007 and 2009 accounts …

Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to … ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the … patterns of credit growth in 18 countries in Latin America and uses econometric methods to determine whether it is indicative …

corporate loans. To the extent that actions of the Federal Reserve affect U.S. interest rates, our analysis provides evidence of … a cross-border spillover effect of monetary policy. We find that before the crisis, lenders made ex-ante riskier loans …-ante credit risk. Our results highlight the potential policy challenges faced by central banks in affecting credit risk cycles in …