This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity-credit …--on average, they occur every five years. By comparison, banking crises take place every eight years on average. Credit reversals …

Credit booms are a focal point for policymakers and scholars of financial crises. Yet our understanding of how the real …

Minsky, which attributes financial crisis to credit-intensive booms. This paper investigates the relationship between credit … growth and the probability of a banking crisis based on country-level panel data. We use two data sets, one containing data … data on global countries from 1969 to 2017 from the World Bank. We discover a U-shaped relationship between credit growth …