Bank Credit During the 2008 Financial Crisis: A Cross-Country Comparison
This paper empirically estimates the main determinants of bank credit growth during the 2008 financial crisis. Using a sample covering over 80 countries, this paper finds that larger bank credit booms prior to the crisis and lower GDP growth of trading partners are among the most important determina...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/47 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper empirically estimates the main determinants of bank credit growth during the 2008 financial crisis. Using a sample covering over 80 countries, this paper finds that larger bank credit booms prior to the crisis and lower GDP growth of trading partners are among the most important determinants of the post-crisis bank credit slowdown. Structural variables such as financial depth and integration were also relevant. Finally, countercyclical monetary policy and liquidity played a critical role in alleviating bank credit contraction after the 2008 financial crisis, suggesting that countries should pursue appropriate institutional and macroeconomic frameworks conducive to countercyclical monetary policies |
Beschreibung: | 1 Online-Ressource (26 p) |
ISBN: | 1451963122 9781451963120 |
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spelling | Aisen, Ari Verfasser aut Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison Aisen, Ari Washington, D.C International Monetary Fund 2010 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/47 This paper empirically estimates the main determinants of bank credit growth during the 2008 financial crisis. Using a sample covering over 80 countries, this paper finds that larger bank credit booms prior to the crisis and lower GDP growth of trading partners are among the most important determinants of the post-crisis bank credit slowdown. Structural variables such as financial depth and integration were also relevant. Finally, countercyclical monetary policy and liquidity played a critical role in alleviating bank credit contraction after the 2008 financial crisis, suggesting that countries should pursue appropriate institutional and macroeconomic frameworks conducive to countercyclical monetary policies Online-Ausg Franken, Michael Sonstige oth http://elibrary.imf.org/view/IMF001/10765-9781451963120/10765-9781451963120/10765-9781451963120.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Aisen, Ari Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison |
title | Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison |
title_auth | Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison |
title_exact_search | Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison |
title_exact_search_txtP | Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison |
title_full | Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison Aisen, Ari |
title_fullStr | Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison Aisen, Ari |
title_full_unstemmed | Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison Aisen, Ari |
title_short | Bank Credit During the 2008 Financial Crisis |
title_sort | bank credit during the 2008 financial crisis a cross country comparison |
title_sub | A Cross-Country Comparison |
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