000 02362nam a22004334a 4500
001 WPIEA2010047
003 IMF
005 20190405174048.0
006 m o d
007 cr cn|||||||||
008 020129s2010 dcu o i00 0 eng d
020 _a1451963122 :
_c18.00 USD
020 _z9781451963120
022 _a1018-5941
024 7 _a10.5089/9781451963120.001
_2doi
035 _a(IMF)WPIEA2010047
040 _aDcWaIMF
_beng
100 1 _aAisen, Ari.
245 1 0 _aBank Credit During the 2008 Financial Crisis
_h[electronic resource] :
_bA Cross-Country Comparison /
_cAri Aisen.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2010.
300 _a1 online resource (26 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 10/47
520 3 _aThis 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.
588 _aDescription based on print version record.
650 7 _aBanking System
_2imf
650 7 _aBanking
_2imf
650 7 _aBust Cycles
_2imf
650 7 _aCredit Boom
_2imf
650 7 _aMoney Market
_2imf
651 7 _aBulgaria
_2imf
651 7 _aChile
_2imf
651 7 _aDominican Republic
_2imf
651 7 _aEl Salvador
_2imf
651 7 _aTurkey
_2imf
700 1 _aFranken, Michael.
776 0 8 _iPrint Version:
_aAisen, Ari.
_tBank Credit During the 2008 Financial Crisis : A Cross-Country Comparison
_dWashington, D.C. : International Monetary Fund, 2010.
_z9781451963120
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 10/47
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/10765-9781451963120/10765-9781451963120/10765-9781451963120.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781451963120
_zIMF Book Store
999 _c156095
_d156095