This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector … that domestic factors are more dominant than external factors in driving rapid credit growth in emerging Asia. This is … particularly true for domestic monetary policy, which can play a pivotal role in terms of managing rapid credit growth in emerging …

This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector … that domestic factors are more dominant than external factors in driving rapid credit growth in emerging Asia. This is … particularly true for domestic monetary policy, which can play a pivotal role in terms of managing rapid credit growth in emerging …

tends to be tightened when credit expands. The main empirical results from the analysis, which uses panel vector … autoregression models, are that contractionary macroprudential policy has significant negative effects on credit and output; and that … potential policy conflicts when credit conditions are excessive and the economy is in recession. …

leverage on GDP, credit and the interest rate spread. Increasing capital requirements for banks should therefore have no strong …