The last several years before the global downturn of 2008-2009 saw rapid credit growth in Poland. The credit …

This paper examines why some countries experience economic recoveries without pick-up of bank credit (credit-less) and … how different this recovery pattern is from the case where credit is increased as an economy recovers (credit-with). To … that more than 25 percent of all recoveries are credit-less and around 45 percent of all credit-less recoveries occurred in …

Whether the likelihood of a credit boom ending is dependent on its age or not, or whether the respective behavior is … that gap, exploring those issues with a proper duration analysis. Credit booms are identified considering two criteria well … whether credit booms are duration dependent or not. The findings show that the likelihood of credit booms ending increases …

The bank lending channel theory posits that during monetary contractions banks restrict some firms' loans, thus … firms accelerate, loan growth. We find that small firms increase trade credit, a substitute credit, indicating a strong loan …-desirable alternative. Using trade credit is propitious since unlike commercial paper (investigated by previous researchers), it is widely …