Although Bosnia and Herzegovina (BiH) has experienced rapid growth in credit to households in recent years, most … individuals are still credit constrained. This paper analyzes the determinants of household credit demand and credit constraints … credit market participation, while high income and high wealth lower credit constraints. In BiH, the probability of credit …

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 … 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 …

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 … legal environment is associated with higher access to credit even for financially opaque informal firms. An interactive term …

a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and … 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 point reduces …