Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to … ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the … patterns of credit growth in 18 countries in Latin America and uses econometric methods to determine whether it is indicative …

degree of credit/maturity transformation. We develop a dynamic model in which an entrepreneur borrows from overlapping …-generation households via layers of funds, forming a credit chain. Each intermediary fund in the chain faces rollover risks from its lenders …. We show that the equilibrium chain length minimizes the run risk for any given contract and find that restricting credit …

What explains the post-crisis slowdown in bank credit to private sector in the South-East European economies? We try to … answer this question, by comparing the actual credit growth to the fundamental and equilibrium growths. The fundamental … economy being in medium-term equilibrium. Results suggest that the slowdown reflects both return of the credit activity to its …

Do borrowers demand less credit from banks with weak balance sheet positions? To answer this question we use novel bank … conventional monetary policy shock, bank balance sheet strength influences not only credit supply but also credit demand. The … resilience of lenders plays an important role for firms when selecting whom to borrow from. We also assess the impact on credit …

of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …

credit booms. Such equilibria are characterised by sharp increases in credit supply and deteriorations in average loan …

We conceptualize global liquidity as global monetary policy and credit components by means of a large-scale dynamic … factor model. Going beyond previous work, we decompose aggregate credit components into credit supply and demand flows … liquidity considerably. Whereas global government sector credit supply is best understood as a safe-haven lending factor from an …

We conceptualize global liquidity as global monetary policy and credit components by means of a large-scale dynamic … credit components into credit supply and demand flows directed at the public (governments) and private sector (businesses and … sector credit supply is best understood as a safe-haven lending factor from an investors perspective, lenders supply the …

. Using a variable for newly issued credit instead of the outstanding stock of credit, the effects on bank lending are smaller …

This paper studies the role of credit-supply factors in business cycle fluctuations. For this purpose, we introduce an …