The US Great Depression was preceded by almost a decade of credit growth. This review paper suggests that the 1920s … credit boom went through two phases: one, up to around 1927, when credit grew in concert with money; another one, from around … 1928 to 1929, when credit grew faster than money. Credit from commercial banks grew tremendously, and credit from savings …

beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …

beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …

beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in … emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … the short-term popularity benefits of weak credit booms rather than implementing politically costly corrective policies …