This paper exploits the Financial Accounts of the United States to derive long time series of bank and nonbank credit … cycle, (ii) recessions and recoveries, and (iii) systemic financial crises. We find that bank and nonbank credit exhibit … different dynamics throughout the business cycle. This diverging cyclical behavior of output and bank and nonbank credit argues …

This paper studies the transmission of bank capital shocks to loan supply in Indonesia. A series of theoretically … aggregate lending. Likewise, the effects of bank recapitalization on loan growth depend on banks' starting capital positions and …

, and bank mortgages are intertwined in what we call a deadly embrace. Without macroprudential policies, this deadly embrace …

weaknesses in bank balance sheets, consumption-led economic growth, and relatively high net interest margins. Bank-level analysis … suggests that interest margins in the Philippines rise with bank size, bank capitalization, foreign ownership, overhead costs … and tax rates. Using bank-level data for a number of Asian economies, we find that higher growth, lower inflation, higher …