Hidden Bibliographic Details
| Other authors / contributors: | Franken, Michael, author.
International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 1283557304
9781283557306
9781452793436
1452793433
1451984979
9781451984972
9781451963120
1451963122
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| ISSN: | 2227-8885
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| Notes: | Includes bibliographical references (pages 24-25).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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.
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| Other form: | Print version: Aisen, Ari, 1971- Bank credit during the 2008 financial crisis. [Washington, D.C.] : International Monetary Fund, ©2010
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| Standard no.: | 10.5089/9781451984972.001
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