Bedayo, Mikel; Estrada, Ángel; Saurina, Jesús - In: Latin American journal of central banking : LAJCB 1 (2020) 1/4, pp. 1-14
’ impact on lending cycles, controlling for other determinants of credit growth. We find robust empirical evidence that higher … credit growth and reduces the credit's decline if a systemic crisis materializes. Conversely, overly depleted bank capital … when entering a credit contraction period severely impacts lending (i.e., may bring about a deep credit crunch), with …
