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Das Unbehagen, das die internationale Schuldenkrise bei ihm auslöste, war für den Ex-Banker Anlass, sich ausführlicher mit Ursachen, Wirkungen und möglichen Auswegen aus dem Teufelskreis wachsender Schulden zu befassen. In einer Rückschau werden die historischen Weltschuldenkrisen...
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Recent theories of crisis put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So are lending booms dangerous? In this paper, we investigate empirically this question using a broad sample of lending boom...
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, financial crises, and slow macroeconomic recoveries: (i) corporate debt accounts for two thirds of the aggregate credit … predict crises similarly to household debt; (iii) a measure of imbalance in credit growth flowing disproportionately to some …Using a new dataset on sectoral credit exposures covering financial and non-financial sectors in 115 economies over the …
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Recent theories of crisis put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So are lending booms dangerous? In this paper, we investigate empirically this question using a broad sample of lending boom...
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