procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have … new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments …

currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising …

This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect … during periods of financial instability only, even after controlling for credit demand effects. These results show that …

Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy …

We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt …

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 …

-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of the reduction in employment …

aggregate data. Changes in household credit limits explain 40 percent of the differential rise and fall of employment across … gradual, credit shocks greatly slowed the recovery …