Financial Cycles and Credit Growth across Countries

Coimbra, N and Rey, H (2018) Financial Cycles and Credit Growth across Countries. AEA Papers and Proceedings, 108. pp. 509-512. ISSN 2574-0768

Abstract

In Coimbra and Rey (2017) we develop a dynamic macroeconomic model with heterogeneous financial intermediaries and endogenous entry. It features time-varying endogenous macroeconomic risk that arises from the risk-shifting behavior of financial intermediaries. We test empirically in a broad panel of countries the implication that credit creation is more elastic to funding costs when the distribution of leverage in the banking system is more positively skewed.

More Details

Item Type: Article
Subject Areas: Economics
Date Deposited: 16 Dec 2019 20:33
Last Modified: 19 Apr 2021 15:43
URI: https://lbsresearch.london.edu/id/eprint/1310
More

Export and Share


Download

Full text not available from this repository.

Statistics

Altmetrics
View details on Dimensions' website

Downloads from LBS Research Online

View details

Actions (login required)

Edit Item Edit Item