WEKO3
アイテム
Credit Booms in Developing Countries: Are They Different from Those in Advanced and Emerging Market Countries?
https://doi.org/10.24545/00001329
https://doi.org/10.24545/00001329f9db9380-c530-4a8c-a1c6-92bac54e1c01
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP15-22.pdf (877.3 kB)
|
|
| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2015-01-26 | |||||||||
| タイトル | ||||||||||
| タイトル | Credit Booms in Developing Countries: Are They Different from Those in Advanced and Emerging Market Countries? | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | credit booms | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | financial stability | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | developing countries | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | macroeconomic policy | |||||||||
| キーワード | ||||||||||
| 主題Scheme | Other | |||||||||
| 主題 | financial policy | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ | technical report | |||||||||
| ID登録 | ||||||||||
| ID登録 (DOI) | 10.24545/00001329 | |||||||||
| ID登録タイプ | JaLC | |||||||||
| 著者 |
MENG, Channarith
× MENG, Channarith
× LEON-GONZALEZ, Roberto
|
|||||||||
| 著者所属 | ||||||||||
| 値 | National Bank of Cambodia, Cambodia | |||||||||
| 著者所属 | ||||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies; Rimini Center for Economic Analysis (RCEA, Italy) | |||||||||
| 抄録 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | While earlier studies focus on credit booms in advanced and emerging market countries, this paper examines the characteristics and determinants of credit booms in developing countries. The results find that credit booms in developing countries are less likely to be associated with systemic banking crises. Rather, they are more likely to be the result of financial deepening than of dangerous buildups of financial risks; the prevention of credit booms in developing countries may thus be associated with higher opportunity costs in terms of foregone growth opportunities. Random effect probit and tobit regressions find some evidence that size of financial system and favorable macroeconomic conditions are among the determinants of credit booms. Although monetary and fiscal policies do not help in preventing credit booms in developing countries, we find that prudential regulations and supervision can play a much more effective role in preventing “bad” booms, while incurring substantially lower costs. Although “bad” booms are hard to identify ahead of time, the duration and size of booms, as well as the level of credit aggregates, appear to be useful indicators in determining them. | |||||||||
| 内容記述 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | JEL Classification Codes: E44, E51, G01, G28 | |||||||||
| 発行年 | ||||||||||
| 値 | 2016-01 | |||||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP15-22, 発行日 2015-01-26 |
|||||||||
| 出版者 | ||||||||||
| 出版者 | GRIPS Policy Research Center | |||||||||
| 言語 | en | |||||||||
| 関連サイト | ||||||||||
| 関連タイプ | isIdenticalTo | |||||||||
| 識別子タイプ | URI | |||||||||
| 関連識別子 | https://ideas.repec.org/p/ngi/dpaper/15-22.html | |||||||||
| 関連名称 | https://ideas.repec.org/p/ngi/dpaper/15-22.html | |||||||||
| 著者情報 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | https://www.grips.ac.jp/list/jp/facultyinfo/leon_gonzalez_roberto/ | |||||||||
| 著者版フラグ | ||||||||||
| 出版タイプ | AM | |||||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||||
