TY  - BOOK
AU  - Igan,Deniz
AU  - Pinheiro,Marcelo
TI  - Credit Growth and Bank Soundness: Fast and Furious? 
T2  - IMF Working Papers; Working Paper
SN  - 1463925956 :
SN  - 1018-5941
PY  - 2011///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Bank Credit
KW  - imf
KW  - Credit Boom
KW  - Credit Growth
KW  - Distance to Default
KW  - Equation
KW  - Financial Institutions and Services: Government Policy and Regulation
KW  - Bulgaria
N2  - We examine the risks to bank soundness associated with credit booms in a large set of countries. Using bank-level data in 90 countries between 1995 and 2005, we analyze the relationship between credit growth and bank soundness taking into account the potential two-way causality. We find that, while sounder banks tend to grow faster at moderate-growth periods, credit growth becomes less dependent on soundness during booms. These findings shed some light on why credit booms are often associated with financial crises
UR  - http://elibrary.imf.org/view/IMF001/12323-9781463925956/12323-9781463925956/12323-9781463925956.xml
UR  - http://www.imfbookstore.org/IMFORG/9781463925956
ER  -