Episodes of rapid credit growth, especially credit booms, tend to end abruptly, typically in the form of financial … crises. This paper presents the findings of a comprehensive event study focusing on 99 credit booms. Loose monetary policy … stances seem to have contributed to the build-up of credit booms across both advanced and emerging economies. In particular …

What are the stylized facts that characterize the dynamics of credit booms and the associated fluctuations in macro … credit booms to data for 61 emerging and industrial countries over the 1960-2010 period. We identify 70 credit boom events …, half of them in each group of countries. Event analysis shows a systematic relationship between credit booms and a boom …

We develop a model of bank lending that allows for credit rationing in equilibrium. Recognizing that small firms incur … a higher percentage cost of monitoring than large firms, the model shows that the incidence of bank credit rationing … consistent with a pattern of a differentially greater degree of rationing of credit to small borrowers during the Great Recession …

This Data Point article focuses on small business credit, examining patterns in small business lending (SBL) and the … credit, we drill down to analyze variation in lending and sources of lending across a number of different community … Bureau, other government agencies, and private industry are making to improve access to credit. The following analysis will …

We investigate the role of private sector credit in shaping the severity of recessions. Using a sample of 130 downturns … in 26 advanced economies since the 1970s, we assess whether the growth or level of credit is the better predictor of the … productivity. We find that a period of rapid credit growth in the immediate run-up to a recession predicts a deeper and longer …

We demonstrate that financial cycles (identified as common fluctuations in credit and asset prices, proxying balance … in prevalent proxies of financial cycles, such as the Basel III credit-to-GDP gap guiding countercyclical capital buffers … observe an improved capacity in predicting financial crises. Specifically, we use credit and asset prices as inputs to our …

To measure the real effects of credit-supply disruptions during financial crises, we develop a quantitative model of …, census-type panel dataset for manufacturing firms and find that the contraction in credit supply during the Greek Depression … and uncertainty. Our empirical framework does not require cross-sectional variation in credit-supply conditions to …

Credit Booms are not rare; some end in a crisis (bad booms) while others do not (good booms). We document that credit … which crises happen when credit booms change to an information regime with careful examination of collateral. As this …

loan portfolios, allow for interbank trading and show how a credit bubble can develop from a financial innovation. We then …