study the relative roles of demand and supply drivers of credit growth during economic recoveries on a sample of advanced …The recovery from the global crisis that erupted in 2007 shows that the decoupling between real and financial variables … global crisis in many countries is that the recovery in aggregate output has not been accompanied by a contemporary pick …

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off … by the global financial crisis, was by far the deepest and most synchronized of the four recessions. As the epicenter of …

This paper describes the serious fiscal crisis faced by cities around the world following the Great Recession of 2008 …. Section 1 summarizes how the crisis was triggered and how it unfolded in the US, then spread to the rest of world …. Five years later, the after-effects of this major crisis continue to be felt and limit economic opportunities in cities …

global crisis, and their prospects in its aftermath. The conventional view holds that global imbalances result primarily from … of asymmetries in world asset demand and supply. Absent changes in the deep determinants of these, global imbalances can … persist. International capital flow patterns before and during the crisis lend support to the equilibrium view. The paper also …

relationship between entrepreneurship and economic growth. The data show strong evidence of a pro-cyclical pattern in …

-border credit supply especially to weaker firms. However, greater foreign bank presence in the borrower country appears to reduce … the characterization of international banks as sources of credit instability, and suggest that foreign bank entry can … improve the stability of cross-border credit in the face of international monetary policy shocks …

, or credit shortages. In addition, the paper finds that logistic supporting services are relatively more affected by local …

construction sector, by the collapse in house prices, or by credit supply problems. In addition, the spillover is stronger when the …

of credit booms that end up in a financial crisis -- "bad" credit booms. This finding holds even after controlling for … the currency help predict credit booms that are followed by a systemic crisis. Controlling for these factors, capital …The main goal of the paper is to examine whether surges in private capital inflows lead to credit booms. The authors …

2009-10. It also finds that output and investment growth tends to be lower in credit-less events but, by eight quarters …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 …