credit default swaps for investors is to blame for the financial crisis. We find little evidence for this. Housing data … credit default swaps that were used to insure mortgage-backed securities would have been low because housing investments were …

and financial stability, the latter proxied by domestic credit growth. Given the asymmetry we observe in boom and bust … economies. In particular, we focus on the output cost of a commodity price reversal given the credit increase observed during a … countries experience very rapid credit growth during the Upturn phase of a boom. That is, rapid credit growth -- regardless of …

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

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 …

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 …

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 …

Despite their importance, data capturing total credit to the private non-financial sector are scarce. This article … total credit are explored, revealing interesting similarities and differences across countries …