Global credit and domestic credit booms
Claudio Borio (),
Robert McCauley () and
BIS Quarterly Review, 2011
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)
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