-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 … global crisis and their mitigating factors …

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 …

nonperforming loans in the aftermath of the 1997-98 financial crisis. It argues that KAMCO''s incentive to dispose of NPLs can be …

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 …

prone to a banking crisis? Using model simulations and econometric estimates based on a world-wide dataset, we find an M … reduced probability of a banking crisis. Once interconnectedness reaches a certain value, further increases in … interconnectedness can increase the probability of a banking crisis. Our findings suggest that it may be beneficial for policies to …