This paper contributes to the literature on the properties of money and credit indicators for detecting asset price … several macroeconomic monetary, financial and real variables. According to statistical tests, credit aggregates (either in … models ; monetary aggregates ; credit aggregates …

This article emphasizes the role of nonprice rationing in credit crunches. It proposes a process for identifying credit …, and a variable is constructed that indicates when credit crunches occurred. In addition, the article questions the … conventional wisdom that Regulation Q was the primary cause of the 1960s credit crunches …

This paper contributes to the literature on the properties of money and credit indicators for detecting asset price … several macroeconomic monetary, financial and real variables. According to statistical tests, credit aggregates (either in …

We conceptualize global liquidity as global monetary policy and credit components by means of a large-scale dynamic … factor model. Going beyond previous work, we decompose aggregate credit components into credit supply and demand flows … liquidity considerably. Whereas global government sector credit supply is best understood as a safe-haven lending factor from an …

We conceptualize global liquidity as global monetary policy and credit components by means of a large-scale dynamic … credit components into credit supply and demand flows directed at the public (governments) and private sector (businesses and … sector credit supply is best understood as a safe-haven lending factor from an investors perspective, lenders supply the …

This paper develops a model of the Chinese economy using a DSGE framework that accommodates a banking sector and money …

households to use more exchange credit relative to cash at the goods market. Since the number of savings funds is equal to the … number of exchange credits used at the goods market, money injections are lower the nominal interest rate on saving as the … saving fund increases with exchange credit. By assuming that firms are the only borrowers at the capital market from Fuerst …