-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 …

productivity. The analysis reveals that the link between productivity and bank credit growth is weaker for firms with significant … ties to public sector banks, especially in years when public sector banks represent a large share of new credit. Large … flows of credit to unproductive firms represent important missed growth opportunities for more productive firms. These …

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 …

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 …

investment). In addition, our empirical model allows for feedback from spending and income to bank capital adequacy and credit …. Hence, we trace the full credit cycle. An exogenous fall in the bank capital/asset ratio by one percentage poin … a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and …

Intro -- Contents -- I. INTRODUCTION -- II. BANK CREDIT AND PROPERTY PRICES -- III. DEFAULT, CREDIT GROWTH, AND ASSET …

euro area Bank Lending Survey to assess the effectiveness of macro-prudential policies in containing credit growth and … house price appreciation in mortgage markets. We find instruments targeting the cost of bank capital most effective in … slowing down mortgage credit growth, and that the impact is transmitted mainly through price margins, the same banking channel …