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 …

concur with the literature documenting how banks adjust their balance sheet composition and credit supply in reaction to …

the aftermath of the defaults of the 1930s. It fostered coordination among creditors, especially in cases of default …

, majority voting among creditors on the proposed reorganization plan, and new higher priority financing to keep the firm going …

-07 credit boom and spillovers from the global financial crisis. The authorities have designed a strategy that strengthens … incentives for marked-based debt resolution by improving the legal framework for credit enforcement, introducing tax incentives … further steps are needed to speed up bankruptcy procedures and reduce credit enforcement costs. Latvia’s experience with …

restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of …

based on macro-data remains as a challenge. This study attempts to build causality in the conflict-growth nexus by … additional labor productivity loss in those industries in the years of conflicts does not seem to be offset in the post-conflict …