the GSEs. We find that judicial requirements reduce the supply of credit only for jumbo loans that are ineligible for GSE … nonbinary measures of judicial requirements, illustrate the consequences of foreclosure laws on the supply of mortgage credit …

-borrower countrydata and controlling for credit demand, we show that reductions largely varied in line with markets’ prior assessments of …

market prices, those based on normalized measures of total credit and those based on liabilities of financial intermediaries … credit and liabilities convey similar information and perform better as early warning indicators, but liabilities are more …

Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade …. This paper analyzes the roles of demand and supply factors in explaining this credit cycle. Our analysis first focuses on a … large sample of bank-level data on credit growth for the entire CESEE region. We complement this analysis by five case …

We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with … different degrees of exchange rate flexibility. We find that exchange rate flexibility is associated with milder credit growth … during the boom but, even though smaller than in more rigid regimes, it cannot shield the economy from a credit reversal …