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150128 ||| eng |
| 020 |
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|a 9781475502930
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| 100 |
1 |
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|a Pouvelle, Cyril
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| 245 |
0 |
0 |
|a Bank Credit, Asset Prices and Financial Stability
|b Evidence From French Banks
|c Cyril Pouvelle
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2012
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| 300 |
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|a 40 pages
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| 651 |
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4 |
|a France
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Inflation
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| 653 |
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|a Credit
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| 653 |
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|a Real Estate
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Banks and banking
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial institutions
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| 653 |
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|a Deflation
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Housing
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| 653 |
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|a Mortgages
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| 653 |
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|a Money
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| 653 |
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|a Asset prices
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| 653 |
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|a Property & real estate
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| 653 |
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|a Price Level
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| 653 |
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|a Loans
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Money Supply
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Bank credit
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| 653 |
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|a Real Estate Markets, Spatial Production Analysis, and Firm Location: General
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| 653 |
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|a Banking
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| 653 |
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|a Real estate prices
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| 653 |
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|a Money Multipliers
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| 653 |
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|a Money and Monetary Policy
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781475502930.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2012/103/001.2012.issue-103-en.xml?cid=25874-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and supply factors, both for the whole 1993-2010 period and during periods of financial instability. Using bank-level panel data at a quarterly frequency, stock price growth is shown to have a significant effect on lending growth over the whole period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect during periods of financial instability only, even after controlling for credit demand effects. These results show that credit demand factors do play a large role but also provide evidence of tighter credit constraints on households in financial instability periods
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