beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …

beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …

beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …

We conceptualize global liquidity as global monetary policy and credit components by means of a large-scale dynamic … credit components into credit supply and demand flows directed at the public (governments) and private sector (businesses and … sector credit supply is best understood as a safe-haven lending factor from an investors perspective, lenders supply the …

We conceptualize global liquidity as global monetary policy and credit components by means of a large-scale dynamic … factor model. Going beyond previous work, we decompose aggregate credit components into credit supply and demand flows … liquidity considerably. Whereas global government sector credit supply is best understood as a safe-haven lending factor from an …

smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the … provision of credit. We show that new factors, such as changes in banks’ business models and market funding patterns, had …

earlier ones, including the presence of credit and asset price booms fueled by rapid debt accumulation. Second, how different …

beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …

suitable for modelling country or regional linkages, is used to first assess the contribution of credit and asset price … could be related. Overall, the paper shows that the importance of credit and asset price variables in explaining real …