It has been argued that credit-to-GDP gaps (credit gap) are useful early warning indicators for banking crises. In addition, the Basel Committee on Banking Supervision has also advocated using these gaps - estimated using a one-sided Hodrick-Prescott filter with a smoothing parameter of 400,000...

It has been argued that credit-to-GDP gaps (credit gap) are useful early warning indicators for banking crises. In addition, the Basel Committee on Banking Supervision has also advocated using these gaps - estimated using a one-sided Hodrick-Prescott filter with a smoothing parameter of 400,000...

The second annual Chief Economist Workshop, organized by the Bank of England's Centre for Central Banking Studies (CCBS), brought together economists from more than 30 central banks. It was part of CCBS's program of events to provide a forum for central bankers and academics to exchange views on...