Showing 1 - 10 of 445
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 …
Persistent link: https://www.econbiz.de/10013101520
The economic literature has examined deposit dollarization in nominal terms, typically focusing on the ratio of foreign currency deposits to broad money. However, while private agent demand for foreign currency may remain unchanged in foreign currency terms, there could be large fluctuations in...
Persistent link: https://www.econbiz.de/10013027669
Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy …
Persistent link: https://www.econbiz.de/10013102279
We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt …
Persistent link: https://www.econbiz.de/10013086310
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 …
Persistent link: https://www.econbiz.de/10013015591
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 …
Persistent link: https://www.econbiz.de/10012868471
The post-crisis financial sector framework reform remains incomplete. While capital and liquidity requirements have been strengthened, doubts remain over other aspects, including the fact that expectations of government support for systemically-important banks (SIBs) remain intact. In this...
Persistent link: https://www.econbiz.de/10012977356
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 …
Persistent link: https://www.econbiz.de/10013080862
The limited access to bank credit in recent years has increased the pressure on small and medium size enterprises (SMEs … negative credit supply shock applied to SMEs has an adverse effect on economic activity, and this impact is amplified in …
Persistent link: https://www.econbiz.de/10013050665
We examine the impact of banks' exposure to market liquidity shocks through wholesale funding on their supply of credit … factors that could potentially be large when comparing banks' overall lending across heterogeneous categories of credit. The … credit significantly more than retail-funded banks during the crisis. The demand for mortgage credit, on the other hand …
Persistent link: https://www.econbiz.de/10013102174