We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic … relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits …. Micro data show a strong association between credit booms and leverage ratios, firm values, and banking fragility. We also …

This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid … expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house … asymmetric information, and shed light on the relationship between credit booms and financial instability …

We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic … relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits …. Micro data show a strong association between credit booms and leverage ratios, firm values, and banking fragility. We also …

This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid … expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house …

a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and … investment). In addition, our empirical model allows for feedback from spending and income to bank capital adequacy and credit …. Hence, we trace the full credit cycle. An exogenous fall in the bank capital/asset ratio by one percentage poin …

, sovereign spreads, and credit growth. This paper also shows that during this crisis, pre-crisis reserve holdings helped to …This paper examines the impact of the recent global crisis on emerging market economies (EMs). Our cross …-country analysis shows that the impact of the crisis was more pronounced in those EMs that had initial weaker fundamentals and greater …

sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by …

these measures over the period September 2008-March 2009. The paper finds that economy size, access to international credit …

Many empirical studies of banking crises have employed ""banking crisis"" (BC) indicators constructedusing primarily …