The idea that credit is important has gained importance in the contemporary macroeconomic theory. However, almost all … differentiate between the monetary and the real economy in the long run. This paper proposes a relationship between credit … restrictions and financial crisis based on postkeynesian theory. In this context, credit rationalization appears as a natural …

This paper analyses the determinants of private credit and its link with monetary policy, for the economies of Central … demand functions in order to characterize episodes of credit crunches. We find evidence of credit rationing for the economies … evidence, we inquire about the existence of a transmission mechanism of the monetary policy through the credit channel for each …

expands, to local terms (at state level), the descriptive analysis of the financial deepening between 1980-2006. The Credit … respect to the rest of the country. The results of the performance of the relative deepening and the Credit-GDP elasticity are …

This study investigates the determinants of private credit in the Dominican Republic for the period 1997 to 2011. Using … a disequilibrium model as in Gosh and Gosh (1999), the demand and supply functions of credit to private sector are … estimated, and these results are used to analyzeepisodes of credit crunch. The main conclusion is that the evolution of private …

Credit boom, defined as an excess of lending above its long-run trend, is an important financial phenomenon to be … lessen its impact. This paper presents an analysis of the credit evolution in Nicaragua focusing on detecting the existence … of credit boom during 1995-2014. Our results support the hypothesis of no credit boom during the period under study …