The macroeconomic relevance of credit flows :: an exploration of U.S. data /
"This paper exploits the Financial Accounts of the United States to derive long time series of bank and nonbank credit to different sectors, and to examine the cyclical behavior of these series in relation to (i) the long-term business cycle, (ii) recessions and recoveries, and (iii) systemic f...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Körperschaft: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund, Western Hemisphere Department,
2015.
|
| Schriftenreihe: | IMF working paper ;
WP/15/143. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "This paper exploits the Financial Accounts of the United States to derive long time series of bank and nonbank credit to different sectors, and to examine the cyclical behavior of these series in relation to (i) the long-term business cycle, (ii) recessions and recoveries, and (iii) systemic financial crises. The authors find that bank and nonbank credit exhibit different dynamics throughout the business cycle. This diverging cyclical behavior of output and bank and nonbank credit argues for placing greater emphasis on sector-specific macroprudential measures to contain risks to the financial system, rather than using interest rates to address any vulnerabilities. Finally, they examine the role of bank and nonbank credit in the creation of financial interconnections and illustrate a method to conduct macro-financial stability assessments."--Abstract |
| Beschreibung: | "June 2015." |
| Beschreibung: | 1 online resource (41 pages) |
| ISBN: | 1513545183 9781513545189 |
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| id | ZDB-4-EBA-ocn912496243 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-27T13:26:41Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n82237138 |
| isbn | 1513545183 9781513545189 |
| language | English |
| oclc_num | 912496243 |
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| spelling | Herman, Alexander, author. The macroeconomic relevance of credit flows : an exploration of U.S. data / Alexander Herman, Deniz Igan, Juan Sole. [Washington, D.C.] : International Monetary Fund, Western Hemisphere Department, 2015. 1 online resource (41 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP15/143 "June 2015." "This paper exploits the Financial Accounts of the United States to derive long time series of bank and nonbank credit to different sectors, and to examine the cyclical behavior of these series in relation to (i) the long-term business cycle, (ii) recessions and recoveries, and (iii) systemic financial crises. The authors find that bank and nonbank credit exhibit different dynamics throughout the business cycle. This diverging cyclical behavior of output and bank and nonbank credit argues for placing greater emphasis on sector-specific macroprudential measures to contain risks to the financial system, rather than using interest rates to address any vulnerabilities. Finally, they examine the role of bank and nonbank credit in the creation of financial interconnections and illustrate a method to conduct macro-financial stability assessments."--Abstract Business cycles United States. Bank failures United States. Bank loans United States. Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Cycles économiques États-Unis. Banques Faillites États-Unis. Prêts bancaires États-Unis. Crise financière mondiale, 2008-2009. Bank failures fast Bank loans fast Business cycles fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Global Financial Crisis (2008-2009) fast https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm 2008-2009 fast Igan, Deniz, author. http://id.loc.gov/authorities/names/no2006076631 Solé, Juan, author. http://id.loc.gov/authorities/names/no2004039713 International Monetary Fund. Western Hemisphere Department. http://id.loc.gov/authorities/names/n82237138 has work: The macroeconomic relevance of credit flows (Text) https://id.oclc.org/worldcat/entity/E39PCG9XCh7bvdFJxdgy9VHqDC https://id.oclc.org/worldcat/ontology/hasWork IMF working paper ; WP/15/143. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1254359 Volltext |
| spellingShingle | Herman, Alexander Igan, Deniz Solé, Juan The macroeconomic relevance of credit flows : an exploration of U.S. data / IMF working paper ; Business cycles United States. Bank failures United States. Bank loans United States. Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Cycles économiques États-Unis. Banques Faillites États-Unis. Prêts bancaires États-Unis. Crise financière mondiale, 2008-2009. Bank failures fast Bank loans fast Business cycles fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh2009003683 |
| title | The macroeconomic relevance of credit flows : an exploration of U.S. data / |
| title_auth | The macroeconomic relevance of credit flows : an exploration of U.S. data / |
| title_exact_search | The macroeconomic relevance of credit flows : an exploration of U.S. data / |
| title_full | The macroeconomic relevance of credit flows : an exploration of U.S. data / Alexander Herman, Deniz Igan, Juan Sole. |
| title_fullStr | The macroeconomic relevance of credit flows : an exploration of U.S. data / Alexander Herman, Deniz Igan, Juan Sole. |
| title_full_unstemmed | The macroeconomic relevance of credit flows : an exploration of U.S. data / Alexander Herman, Deniz Igan, Juan Sole. |
| title_short | The macroeconomic relevance of credit flows : |
| title_sort | macroeconomic relevance of credit flows an exploration of u s data |
| title_sub | an exploration of U.S. data / |
| topic | Business cycles United States. Bank failures United States. Bank loans United States. Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Cycles économiques États-Unis. Banques Faillites États-Unis. Prêts bancaires États-Unis. Crise financière mondiale, 2008-2009. Bank failures fast Bank loans fast Business cycles fast |
| topic_facet | Business cycles United States. Bank failures United States. Bank loans United States. Global Financial Crisis, 2008-2009. Cycles économiques États-Unis. Banques Faillites États-Unis. Prêts bancaires États-Unis. Crise financière mondiale, 2008-2009. Bank failures Bank loans Business cycles United States |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1254359 |
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