This study investigates what drives the credit cycle, focusing on the role of foreign funded bank credit (FFC …). Considering credit cycles in 41 countries over the period 1985-2015, this study finds that credit booms are associated with an … credit cycles. The impact of FFC on credit booms is however significantly higher in emerging countries. While FFC increases …

when banks do not, their own stress can trigger a contractionary credit supply effect for firms. …

Over recent years, a number of emerging creditors have increased their aid and lending to Africa’s Low-Income Countries …-indebtedness in Africa, to reduce the continent’s exposure to foreign-currency denominated debt and to encourage good governance by … Financial Governance in Africa, which attempts to include emerging lenders in the DSF framework — the Joint Bank-Fund Debt …