期刊
FINANCE RESEARCH LETTERS
卷 43, 期 -, 页码 -出版社
ACADEMIC PRESS INC ELSEVIER SCIENCE
DOI: 10.1016/j.frl.2021.102004
关键词
banking crisis; credit growth; financial cycles; financial development
This study finds that a banking crisis has a negative impact on the credit cycle, particularly during financial booms, and this effect is further amplified in countries with a high level of financial development.
This study examines how a banking crisis affects credit growth in developing countries by considering two states of financial conditions: financial cycles and financial development. We estimate dynamic responses of credit growth to a banking crisis by using the local projection method. Our empirical results reveal that a banking crisis has an adverse impact on the credit cycle, and this negative effect is more substantial during a financial boom. We also find that the negative crisis effect is further magnified in countries with a high level of financial development.
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