credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in … Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do … Basel II might cause greater procyclicality of credit. …

resulting in an acceleration of bank lending. In particular, regulatory reforms pertaining to loan classification and …

development does support growth in the region, long-term bank financing has a greater impact on economic growth than short …-term financing because long-term projects have higher returns adjusted for risks. Given that in the WAEMU short-term credit accounts … for about 70 percent of credit to the private sector, WAEMU countries are less able to reap the full benefits of …

This paper analyzes the credit crunch following the recent financial crisis in Korea. Using enterprise-level data, we … find that there were big differences in the magnitude of the credit contraction across different types of firms. In … particular, chaebol (conglomerate)-affiliated firms appeared to have lost the preferential access to credit they enjoyed in the …

This study examines the recent marked slowdown in bank credit to the private sector in Latin America. Based on the …, changes in bank balance sheets are examined to determine whether the credit slowdown is merely a reflection of a slowdown in … bank deposits, or whether the asset side has changed. Third, following an econometric disequilibrium approach used in …

closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the …

The paper proposes a theoretical argument on the nature of bank lending, based on the idea that, through commitment and … credit rationing theories, the paper shows that, within a framework of asymmetric information between lenders and borrowers …-term credit history; and (ii) that interest rate spreads may be large if significant market imperfections prevail. …

investment). In addition, our empirical model allows for feedback from spending and income to bank capital adequacy and credit …. Hence, we trace the full credit cycle. An exogenous fall in the bank capital/asset ratio by one percentage point reduces … a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and …

This paper examines the impact of interest rates and inflation on bank loans and investment within a framework that …

. The tendency to underprice systemic liquidity risk and currency-induced credit risk creates vulnerabilities that need …, but few have addressed those arising from currency-induced credit risks. …