scale from pre-existing credit lines and loan commitments in anticipation of cash flow disruptions from the economic …-shock bank capital, explain why banks were able to accommodate these liquidity demands …

This paper analyzes the determinants of spreads on syndicated bank lending to emerging markets, treating the loan … banks in providing credit to smaller borrowers about whom information is least complete and, more generally, support the … interpretation of bank finance as dominating that segment of international financial markets characterized by the most pronounced …

domestic credit expansion and real currency appreciation have been the most robust and significant predictors of financial …

beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …

-produced short-term safe assets—bank debt, are subject to runs and this has important implications for macroeconomics and for …

Credit booms are not rare and usually precede financial crises. However, some end in a crisis (bad booms) while others … do not (good booms). We document that credit booms start with an increase in productivity, which subsequently falls much … faster during bad booms. We develop a model in which crises happen when credit markets change to an information regime with …

are usually preceded by credit booms. Second, credit booms often do not result in a crisis. That is, there are "good …

The crisis of the advanced economies in 2008-09 has focused new attention on money and credit fluctuations, financial … crises, and policy responses. We study the behavior of money, credit, and macroeconomic indicators over the long run based on … half of the twentieth century as shown by a decoupling of money and credit aggregates. We show for the first time how …

-crisis levels. Conversely, the responsiveness of international bank lending to global risk conditions declined steadily throughout … sensitivity of international bank lending to global risk was mainly driven by increases in the lending shares of better …

credit/GDP growth, and lagged equity market valuation appreciation (equity market appreciation minus CPI inflation). A one … lagged domestic credit/GDP growth (3%). The results are supportive of both current account and credit growth channels, with … as warning signals, especially when coinciding with credit expansion and real estate appreciation during the past several …