-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 …

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 …

elements of credit risk management and important to prudential oversight. As illustrated in this paper, valuation feeds into … indicators of overall bank soundness and key macroprudential indicators. Country practices and recent moves to more forward …

The paper proposes a theoretical argument on the nature of bank lending, based on the idea that, through commitment and … credit rationing theories, the paper shows that, within a framework of asymmetric information between lenders and borrowers …-term credit history; and (ii) that interest rate spreads may be large if significant market imperfections prevail. …

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 …

This paper assesses how various types of financial risk such as credit risk, market risk, and liquidity risk affect … supervisory standards on banks' risk profile across different country clusters. Credit quality is of general concern especially in … circumstances where credit growth is accelerating. …