This note explores the costs and benefits of different policy options to reduce the risks associated with credit booms …

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 …

-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence … credit booms supervisors need to carefully monitor the soundness of rapidly expanding banks and stand ready to take action to …

targeting and fiscal discipline in Turkey. This paper studies the impact of monetary and fiscal policies on credit growth during … channel is not strong in Turkey and government finances has limited direct impact on credit. …