The Basel III regulation explicitly prescribes the use of Hodrick-Prescott filters to estimate credit cycles and … concerns on its fitness for policy use. To investigate this problem we study credit cycles in a panel of 26 countries between …

inclusion of a broad set of loan-level controls and fixed effects. We also find that the spread between high and low credit …

We study how monetary conditions change the supply by banks of mortgage credit to households. We exploit the widespread … presence of foreign currency mortgages in Hungary and study this country`s comprehensive credit registry. Changes in monetary … conditions not only affect the supply of credit in volume, but also in its currency and risk composition. Hence, we establish a …

confidential bank-loan data. The use of granular credit registry data helps us to disentangle loan demand from loan supply effects … analysis using data for credit origination and borrower characteristics. The main conclusions are that (i) macroprudential … policies have been quite effective in stabilising credit cycles. The propagation of the effects to credit growth is more rapid …

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …