Showing 1 - 10 of 551
Persistent link: https://www.econbiz.de/10000926918
Credit is key to support healthy and sustainable economic growth but excess aggregate credit growth can signal the build-up of imbalances and lead to systemic financial crisis. Hence, monitoring the credit cycle is key to identifying vulnerabilities, particularly in emerging markets, which tend...
Persistent link: https://www.econbiz.de/10012009386
Assessing when credit is excessive is important to understand macro-financial vulnerabilities and guide macroprudential policy. The Basel Credit Gap (BCG) - the deviation of the credit-to-GDP ratio from its long-term trend estimated with a one-sided Hodrick-Prescott (HP) filter-is the indicator...
Persistent link: https://www.econbiz.de/10012170099
Persistent link: https://www.econbiz.de/10009763759
always work best in terms of covering bank loan losses that go beyond what could be expected from economic downturns. Instead …
Persistent link: https://www.econbiz.de/10012019861
Persistent link: https://www.econbiz.de/10009572427
This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of emerging market economies (EMEs). The macroeconomic channels are identified from an optimal portfolio allocation model and assessed empirically using the accounting information of...
Persistent link: https://www.econbiz.de/10012102196
Persistent link: https://www.econbiz.de/10011460484
Persistent link: https://www.econbiz.de/10011892444
In the presence of adverse macroeconomic shocks, simultaneous capital losses in multiple banks can prompt them to … contract their balance sheets. These bank responses generate externalities that propagate in the form of macro … macro-financial feedback loops can significantly affect macroeconomic outcomes and bank-specific stress tests results. The …
Persistent link: https://www.econbiz.de/10012251391