This paper investigates whether there was a credit crunch in East Asia during the recent financial and economic crises. Motivated by widespread concern that, over and above any increases in real interest rates, corporates may have also faced credit rationing, we adopt an explicit disequilibrium framework for analyzing the behavior of real credit with a view to assessing whether the supply of, or demand for credit has been a binding constraint. The findings highlight the dynamics associated with a credit crunch. We find evidence of a »credit crunch« in all three crisis countries (Indonesia, Korea, Thailand) in the period immediately following the crisis as the banking system distress deepened, and the supply of (real) credit declined. Therea...
Currency crises of the past decade highlighted the importance of balance-sheet effects of large deva...
This paper concerns the problem of corporate credit in Poland and tries to determine the sources of ...
The East Asian crisis was the result of interactions between massive capital flows and weak domestic...
In this paper, we explore the issue on credit crunch from a comparative perspective. Utilizing longe...
In this paper, we explore the issue on credit crunch from a comparative perspective. Utilizing longe...
Borrowers face tight credit markets after years of easy credit. This study examines the events...
The financial crisis in 1997 caused serious deterioration of the Korean economy. We examined the cre...
Restrictive policies aimed at reducing the likelihood of bank failure during recessions tend to incr...
The authors suggest that the credit channel - as a transmitter of monetary and financial shocks - ap...
© 2013, Springer Science+Business Media New York. Bank lending in Indonesia slowed dramatically duri...
This paper aims to answer the following question: what is (are) the cause(s) of the severe reduction...
Collapsing credit markets have been blamed for the depth and persistence of the Great Depression in ...
We are neither economists nor academic scholars; however we are students of the markets having exper...
This paper studies the role of the credit crunch in the severe contraction of trade and economic act...
This paper evaluates whether the Germany economy is currently affected by a credit crunch, i.e. a su...
Currency crises of the past decade highlighted the importance of balance-sheet effects of large deva...
This paper concerns the problem of corporate credit in Poland and tries to determine the sources of ...
The East Asian crisis was the result of interactions between massive capital flows and weak domestic...
In this paper, we explore the issue on credit crunch from a comparative perspective. Utilizing longe...
In this paper, we explore the issue on credit crunch from a comparative perspective. Utilizing longe...
Borrowers face tight credit markets after years of easy credit. This study examines the events...
The financial crisis in 1997 caused serious deterioration of the Korean economy. We examined the cre...
Restrictive policies aimed at reducing the likelihood of bank failure during recessions tend to incr...
The authors suggest that the credit channel - as a transmitter of monetary and financial shocks - ap...
© 2013, Springer Science+Business Media New York. Bank lending in Indonesia slowed dramatically duri...
This paper aims to answer the following question: what is (are) the cause(s) of the severe reduction...
Collapsing credit markets have been blamed for the depth and persistence of the Great Depression in ...
We are neither economists nor academic scholars; however we are students of the markets having exper...
This paper studies the role of the credit crunch in the severe contraction of trade and economic act...
This paper evaluates whether the Germany economy is currently affected by a credit crunch, i.e. a su...
Currency crises of the past decade highlighted the importance of balance-sheet effects of large deva...
This paper concerns the problem of corporate credit in Poland and tries to determine the sources of ...
The East Asian crisis was the result of interactions between massive capital flows and weak domestic...