contraction of credit. Consistent with this notion, the paper found that better initial scores in certain financial soundness … credit and amplifies the cycle. In this context, our results suggest that policy makers should be mindful about the timing of …

fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these …

having a relatively strong weight across all FCIs), private sector risk premiums, long-term interest rates, and banks' credit … contemporaneous indicator of private consumption. Credit volumes turn out to be lagging indicators of growth. The indices inform us on …

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 …

Macroprudential policy is increasingly being implemented worldwide. Its effectiveness in influencing bank credit and … expected effects of macroprudential policies on bank credit, both for advanced economies and emerging market economies. Yet we … also find evidence of substitution effects towards nonbank credit, especially in advanced economies, reducing the policies …