-run growth. The paper explores an additional challenge, for monetary policy. Although they expand bank balance sheets, providing …

This paper studies the relationship between banks' holdings of domestic sovereign securities and credit growth to the … lower credit growth to the private sector and with a higher return on assets of the banking sector. Analysis suggests that … the negative relationship between banks' claims on the government and private sector credit growth mainly reflects a …

-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of the reduction in employment …

countries including ownership, concentration, cross-border linkages, balance sheet exposures and risks, recent trends in credit …

This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … supply factors, both for the whole 1993-2010 period and during periods of financial instability. Using bank-level panel data … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect …

We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt …

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 …

) little susceptibility to manipulation; (iv) timeliness; (v) scalable from the individual bank to the system. We show how this …

This paper explores insolvency and debt recovery procedures, and political, legal, and institutional factors … these factors may have contributed to the depth and duration of the 1997 crisis. There are two key findings: First, bank … structures and the depth of recessions across economies. Second, aspects of insolvency procedures favoring rehabilitation of …