This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …

This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity-credit …--on average, they occur every five years. By comparison, banking crises take place every eight years on average. Credit reversals …

Europe experienced substantial cross-country variation in domestic credit growth and cross border capital flows during … the pre-crisis period. We investigate the inter-relations between domestic credit growth and international capital flows … over 1993-2008, with a special focus on the 2003-2008 boom period. We establish that domestic credit growth in European …