This paper analyzes firms' difficulties in accessing credit before and during the crisis, by focusing on two of their … prospects – favoured access to credit in the period leading up to the financial crisis; during the crisis, instead, credit … credit market, especially for firms with better growth prospects; this result is consistent with the hypothesis that the …

In this paper, we define a credit boom as an episode during which real private sector credit growth exceeds the level … typically attained during a normal business cycle expansion. We employ HP filter to disaggregate real private sector credit into … identifying credit booms in Ghana. Two episodes of credit booms (1974-76 and 1988-89) and two episodes of rapid credit growth …

Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to … ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the … patterns of credit growth in 18 countries in Latin America and uses econometric methods to determine whether it is indicative …

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 …