Skewed Credit and Growth Dynamics after the Global Financial Crisis

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dc.contributor.authorADB; Estrada, Gemma Esther B.; Erce, Aitor; Park, Donghyun; Rojas, Juan
dc.date.accessioned2021-10-05T15:03:31Z
dc.date.available2021-10-05T15:03:31Z
dc.date.issued2018-10
dc.descriptionThis working paper explores the association between economic growth and systemic financial risk, using elements of private credit growth to measure the latter. This working paper explores the association between economic growth and systemic financial risk. It uses elements of private credit growth to measure system financial risk. Using cross-country panel data, it finds that the beneficial effects of systemic risk on economic growth were evident only prior to 2000. The findings help explain why boom–bust dynamics were positively associated with economic growth in emerging markets in the past and why the growth of advanced economies has been sluggish since the global financial crisis.
dc.format.extent50
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn2313-6537
dc.identifier.issn2313-6545
dc.identifier.urihttps://www.adb.org/publications/credit-growth-global-financial-crisis
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5368
dc.subject.otherEconomics
dc.subject.otherFinance sector development
dc.titleSkewed Credit and Growth Dynamics after the Global Financial Crisis
local.publication.countryTimor-Leste
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