TY  - BOOK
AU  - Aisen,Ari
AU  - Franken,Michael
TI  - Bank Credit During the 2008 Financial Crisis: A Cross-Country Comparison 
T2  - IMF Working Papers; Working Paper
SN  - 1451963122 :
SN  - 1018-5941
PY  - 2010///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Banking System
KW  - imf
KW  - Banking
KW  - Bust Cycles
KW  - Credit Boom
KW  - Money Market
KW  - Bulgaria
KW  - Chile
KW  - Dominican Republic
KW  - El Salvador
KW  - Turkey
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/10765-9781451963120/10765-9781451963120/10765-9781451963120.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451963120
ER  -