The credit increased expressive and continuously throughout the Lula government, even after the 2008 crisis. This study … legislation as well as financial innovations, in a favorable macroeconomic context, affected credit and contributed to explain the … increase of supply of credit with free resources between 2004 and 2008. In 2009 and 2010 deliberate government decision to …

changes in financial intermediaries' balance sheets for the supply of credit, liquidity and asset prices, and, consequently …

-2009 output collapse. To this end, we use three variables: credit stock, credit flow and money supply M1. We find that the changes … created credit than in the case of consumption, which is rather correlated with the whole money supply M1. In conclusion, we … recorded an increase of credit flow along with the GDP. The new flow of money is mostly used for investment and consumption …

For more than seven years interest rates have remained on historically low levels. Yet both credit growth and the … structural factors and policies that dampen the risk of escalating prices and credit expansion on the German housing market. …

This paper contributes to the literature on the properties of money and credit indicators for detecting asset price … several macroeconomic monetary, financial and real variables. According to statistical tests, credit aggregates (either in … models ; monetary aggregates ; credit aggregates …

banks during the 1990s on credit allocation using the Short-term Economic Survey of Enterprises. This survey includes a … from our model. We found that credit was reduced when the balance sheet of firms and banks deteriorated. The effects are … particularly significant for non-manufacturing industries. -- Tankan Survey ; Credit crunch ; Ever-greening ; Non-performing loans …

This paper proposes and tests a theory of credit-driven asset bubbles which are neutral in their real effects. When a …