credit growth channels, with the animal-spirits and momentum channels playing the most important role in the boom and bust of …

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 …

current account patterns, both before and after the crisis. The results are supportive of both current account and credit …

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 …