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161223 ||| eng |
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|a 9781484356869
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| 100 |
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|a Arena, Marco
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| 245 |
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0 |
|a Credit Booms and Macroeconomic Dynamics
|b Stylized Facts and Lessons for Low-Income Countries
|c Marco Arena, Serpil Bouza, Era Dabla-Norris, Kerstin Gerling, Lamin Njie
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2015
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| 300 |
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|a 47 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Credit
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| 653 |
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|a Banks
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| 653 |
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|a Financial crises
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| 653 |
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|a Exports and Imports
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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 Cycles
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| 653 |
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|a Capital inflows
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| 653 |
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|a Money Multipliers
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Monetary economics
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| 653 |
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|a Micro Finance Institutions
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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 Balance of payments
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| 653 |
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|a Long-term Capital Movements
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| 653 |
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|a Monetary expansion
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| 653 |
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|a International economics
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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 Financial Markets and the Macroeconomy
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| 653 |
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|a Banking crises
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| 653 |
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|a Monetary policy
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| 653 |
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|a Business Fluctuations
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| 653 |
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|a Credit booms
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| 653 |
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|a Capital movements
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a International Investment
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| 653 |
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|a Financial Crises
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| 700 |
1 |
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|a Bouza, Serpil
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| 700 |
1 |
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|a Dabla-Norris, Era
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| 700 |
1 |
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|a Gerling, Kerstin
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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 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781484356869.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2015/011/001.2015.issue-011-en.xml?cid=42615-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a Using a comprehensive database on bank credit, covering 135 developing countries over the period 1960–2011, we identify, document, and compare the macro-economic dynamics of credit booms across low- and middle-income countries. The results suggest that while the duration and magnitude of credit booms is similar across country groups, macro-economic dynamics differ somewhat in low-income countries. We further find that surges in capital inflows are associated with credit booms. Moreover, credit booms associated with banking crises exhibit distinct macroeconomic dynamics, while also reflecting a potentially large deviation of credit from country fundamentals. These results suggest that low-income countries should remain mindful of the inter-linkages between financial liberalization, increased cross-border banking activities, and rapid credit growth
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