Igan, Deniz; Pinheiro, Marcelo - International Monetary Fund (IMF) - 2011
We examine the risks to bank soundness associated with credit booms in a large set of countries. Using bank-level data … in 90 countries between 1995 and 2005, we analyze the relationship between credit growth and bank soundness taking into …, credit growth becomes less dependent on soundness during booms. These findings shed some light on why credit booms are often …