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Global credit and domestic credit booms

Claudio Borio (), Robert McCauley () and Patrick McGuire

BIS Quarterly Review, 2011

Abstract: US dollar credit is growing quickly outside the United States, especially in Asia, and in some economies it has outpaced overall credit growth. Cross-border sources of credit bear watching in view of their record of outgrowing overall credit in credit booms. Foreign currency and cross-border sources of credit raise policy issues.

JEL-codes: E5 F3 (search for similar items in EconPapers)
Date: 2011
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