The main goal of the paper is to examine whether surges in private capital inflows lead to credit booms. The authors built a quarterly database on gross capital inflows, credit to the private sector, and other macro-financial indicators for a sample of 71 countries from 1975q1 to 2010q4. Identifying credit booms is not trivial: they use different criteria implemented in the literature. The estimates suggest that: (i) Surges in gross private capital...
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INFORMATION
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2012/11/01
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Document de travail de recherche sur les politiques
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WPS6270
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1
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1
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2012/11/01
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Disclosed
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Gross inflows gone wild : gross capital inflows, credit booms and crises
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credit boom
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