Equilibrium credit is an important concept because it helps identify excessive credit provision. This paper proposes a two-stage approach to determine equilibrium credit. It uses two stages to study changes in the demand for credit due to varying levels of economic, financial and institutional development of a country. Using a panel of high and middle-income countries over the period 1980-2010, this paper provides empirical evidence that the credit-to-GDP...
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INFORMATION
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2013/02/01
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Document de travail de recherche sur les politiques
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WPS6358
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1
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1
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2013/02/01
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Disclosed
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Equilibrium credit : the reference point for macroprudential supervisors
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equilibrium credit
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