, sovereign spreads, and credit growth. This paper also shows that during this crisis, pre-crisis reserve holdings helped to …This paper examines the impact of the recent global crisis on emerging market economies (EMs). Our cross …-country analysis shows that the impact of the crisis was more pronounced in those EMs that had initial weaker fundamentals and greater …

growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the …The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic …

debt restructuring is an important step toward recovery from a financial crisis. We then discuss the rationale for, and …

database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and … resolution policies for 42 crisis episodes, and also includes data on the timing of currency crises and sovereign debt crises …. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera (2005) banking crisis database, and is the …

funding contribute positively and symmetrically to credit growth. The results also indicate that stronger economic growth … leads to higher credit growth, and high inflation, while increasing nominal credit, is detrimental to real credit growth. We …We examine changes in bank credit across a wide range of emerging market economies during the last decade. The rich …

credit growth across banks and countries. …This paper examines the recent credit slowdown among Middle Eastern and North African (MENA) countries from three … analytical angles. First, it finds that, similar to other regions and to its past history, a credit boom preceded the current …

We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic … relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits …. Micro data show a strong association between credit booms and leverage ratios, firm values, and banking fragility. We also …

Episodes of rapid credit growth, especially credit booms, tend to end abruptly, typically in the form of financial … policy) also appear to be important drivers of real credit growth across emerging economies. … crises. This paper presents the findings of a comprehensive event study focusing on 99 credit booms. Loose monetary policy …