currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising … output, and the evidence appears to go their way. To reconcile theory and reality, we extend the set of assets included in …

currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising … output, and the evidence appears to go their way. To reconcile theory and reality, we extend the set of assets included in …

loan portfolios, allow for interbank trading and show how a credit bubble can develop from a financial innovation. We then …

interactions among credit market conditions, monetary policy, and economic activity. We depart from the existing literature on the … economic activity rather than credit market conditions. Second, in contrast to the existing TVAR literature, which concentrates … relevant statistical tests. Our results indicate that the dynamics of the interactions among credit market conditions, monetary …

everywhere -- a local phenomenon with real effects. Yet, the contemporary canon of regional economic theory has enshrined the … scientists with respect to issues of money, credit and banking represents a radical break with the discipline's intellectual … regional aspects of money and credit, casting them as central pillars of a Lösch-Isard synthesis …

lending standards' significant role in explaining the dynamics of domestic credit conditions. Changes in lending attitudes … through this lens of UMPs, we see that expansionary monetary policy led to a lowering of domestic credit standards which …

credit. Banks in the model can generate new finance in the process of extending loans rather than just intermediating funds … between savers and borrowers; this has been argued to more accurately capture the dynamics of credit (Jakab and Kumhof 2014 …). We find that borrower-based macroprudential policies that affect the demand for housing and credit are particularly …

are expansionary to output and credit growth. But contrary to the model predictions and empirical findings of Blanchard et … impact on output and credit growth if the exchange rate is managed, if the domestic capital market is underdeveloped, if the … Blanchard et al. (2015), non-bond inflows have a positive overall impact on output and credit growth despite receiving …