This paper aims to shed light on the characteristics and particularly the determinants of credit-less recoveries. After … building a dataset and documenting some stylised facts of credit-less recoveries in emerging market economies, this paper uses … panel probit models to analyse key determinants of credit-less recoveries. Our main findings are the following. First, our …

-up in lending flows to the private sector, rendering the recovery credit-less. This paper uses data on output and credit to … study the relative roles of demand and supply drivers of credit growth during economic recoveries on a sample of advanced … and emerging countries between 1980 and 2014. Using a simple endowment economy model, the paper shows that credit …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and …