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Aisen, Ari.

Bank Credit During the 2008 Financial Crisis A Cross-Country Comparison / Ari Aisen. [electronic resource] : Ari Aisen. - Washington, D.C. : International Monetary Fund, 2010. - 1 online resource (26 p.) - IMF Working Papers; Working Paper ; No. 10/47 . - 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.

ISBN: 1451963122 : 18.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451963120.001 doi

Subjects--Topical Terms:
Banking System
Banking
Bust Cycles
Credit Boom
Money Market

Subjects--Geographic Terms:
Bulgaria
Chile
Dominican Republic
El Salvador
Turkey