A growing body of literature has highlighted two important caveats to the credit-to-GDP gap as advocated by the Bank … for International Settlements (BIS). The first relates to the approach used to normalise credit (i.e., dividing nominal … credit by GDP). In this regard, critics have argued that a normalised measure of credit runs the risk of being affected by …

This paper investigates whether output and inflation respond asymmetrically to credit shocks in the euro area. The … effects related to credit conditions in the economy. Consistent with this finding, the impulse responses show some signs of …

This paper aims to investigate the co-movement between the credit growth and gross domestic product (GDP) growth in … Turkey over the period January 2004–October 2019. By taking into account alternative credit decomposition and the variations … credit growth compared to other financial variables such as stock exchange, bonds, and exchange rate. ii) There is a high …

might be related with household credit growth. Empirical findings show that (1) there is a unidirectional causal linkage … the long-run, (3) short-term results suggest a negative relationship between FDI and credit growth and (4), based on the … results from the error correction model, a deviation in the household credit market is stabilized by 23.6% each quarter in …