EconPapers    
Economics at your fingertips  
 

Bank credit during the 2008 financial crisis: a cross-country comparison

Ari Aisen and Michael Franken

Journal Economía Chilena (The Chilean Economy), 2015, vol. 18, issue 1, 26-49

Abstract: This 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

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://si2.bcentral.cl/public/pdf/revista-economi ... 1abr2015-pp26-49.pdf (application/pdf)

Related works:
Working Paper: Bank Credit During the 2008 Financial Crisis: A Cross-Country Comparison (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchec:v:18:y:2015:i:1:p:26-49

Access Statistics for this article

Journal Economía Chilena (The Chilean Economy) is currently edited by Álvaro Aguirre, Sofía Bauducco and Andrés Fernández

More articles in Journal Economía Chilena (The Chilean Economy) from Central Bank of Chile Contact information at EDIRC.
Bibliographic data for series maintained by Fredherick Sanllehi ().

 
Page updated 2025-03-19
Handle: RePEc:chb:bcchec:v:18:y:2015:i:1:p:26-49