We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic … relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits …. Micro data show a strong association between credit booms and leverage ratios, firm values, and banking fragility. We also …

-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence …This paper examines the behavior of bank soundness indicators during episodes of brisk loan growth, using bank … credit booms supervisors need to carefully monitor the soundness of rapidly expanding banks and stand ready to take ac …

expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house …

are experiencing credit booms. This paper analyzes the role of foreign-owned banks in these credit booms. The results show … financial conditions in the foreign bank's home country …

credit. We find evidence that informality is robustly and significantly associated with lower access to and use of bank … credit. We also find that higher tax compliance costs reduce firms' reliance on bank credit, while a stronger quality of the …, suggesting that the negative association between informality and bank credit is stronger in countries with weak tax …

activity. We examine the linkages between the financial and real sectors in the euro area, finding that (i) bank loan supply … responds negatively to declines in bank soundness; (ii) a cutback in bank loan supply has a negative impact on economic …

Periods of banking distress are often followed by sizable and long-lasting contractions in bank credit. They may be … capital-constrained banks, a ""credit crunch"". This paper develops a bank model to study credit crunches and their real … disruptions in the supply of credit when hit by small shocks. However, for larger shocks, highly persistent credit cr …

expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house … asymmetric information, and shed light on the relationship between credit booms and financial instability …