This paper focuses on policy measures taken to curb the private sector credit growth in the period 2003-2008. Our … applied were effective in slowing down the credit growth. Deriving from country experiences, the paper argues that in order to … domestic environment and role of foreign banks in the CEE region. -- Credit growth ; monetary policy ; macroprudential policy …

earlier ones, including the presence of credit and asset price booms fueled by rapid debt accumulation. Second, how different …

interest rate innovation, that is additional bank loans are generated by a greater credit multiplier. In contrast, the …

clearly confirm that the amount of credit money in the economy is a very important variable, that can affect economic … innovative tool for the study of economics. -- Agent-based computational economics ; debt ; leverage ; credit money ; economic …

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 …

credit multiplier. In contrast, the multiplier declines considerably after an expansion of the Eurosystem's balance sheet …

quantify the macroeconomic effects of the credit deepening process observed in many Latin American (LA) countries in the last … decade, most notably in Brazil. In the model, a stylized banking sector intermediates credit from patient households to … impatient households and firms. The key novelty of the paper, motivated by the Brazilian experience, is to model the credit …

macroeconomic effects of the credit deepening process observed in Latin America in the last decade - most notably in Brazil. In the … model, a stylized banking sector intermediates credit from patient households to impatient households and entrepreneurs …. Motivated by the Brazilian experience, we allow the credit constraint faced by households to depend on labor income. Our model …