Publication:
Recent Credit Surge in Historical Context

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dc.contributor.authorYu, Shu
dc.contributor.authorOhnsorge, Franziska
dc.date.accessioned2016-07-06T22:54:22Z
dc.date.available2016-07-06T22:54:22Z
dc.date.issued2016-06
dc.description.abstractBenign financing conditions since the global financial crisis and, more recently, rising financing needs have fueled a rapid increase in credit to the nonfinancial private sector, especially to the corporate sector, in emerging markets and developing economies. Credit growth has been most pronounced, and nearing the pace associated with past credit booms, in commodity exporting countries. In contrast, in commodity importers, credit-to-gross domestic product ratios are elevated but have been stable or shrinking over the past few years. That said, in a few, mostly energy exporting, emerging and developing countries, credit to the private sector is now near levels that have been associated with past episodes of financial stress.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/06/26497916/recent-credit-surge-historical-context
dc.identifier.doi10.1596/1813-9450-7704
dc.identifier.urihttps://hdl.handle.net/10986/24620
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7704
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectDOMESTIC BOND
dc.subjectCONTINGENT LIABILITIES
dc.subjectMONETARY POLICY
dc.subjectHOLDING
dc.subjectBORROWER
dc.subjectCREDIT DEFAULT SWAPS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectREAL INTEREST RATES
dc.subjectINTEREST
dc.subjectEMERGING MARKET BOND
dc.subjectPRIVATE CREDIT
dc.subjectOPTION
dc.subjectBOND SPREADS
dc.subjectINTERNATIONAL SALES
dc.subjectDEVELOPING COUNTRIES
dc.subjectEXPORTERS
dc.subjectPORTFOLIO
dc.subjectMARKET SIZE
dc.subjectFISCAL POLICY
dc.subjectLIQUIDITY RISK
dc.subjectCURRENCY MISMATCH
dc.subjectLOAN
dc.subjectBOND FINANCING
dc.subjectDEBT OVERHANG
dc.subjectMARKET ACCESS
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectDEBT BURDENS
dc.subjectCASH FLOWS
dc.subjectINSTRUMENTS
dc.subjectBANK REGULATION
dc.subjectOIL PRICES
dc.subjectCURRENCY
dc.subjectMARKET DEVELOPMENT
dc.subjectDOMESTIC CURRENCY
dc.subjectBANK LINKAGES
dc.subjectMULTINATIONAL BANK
dc.subjectRESERVE BANK
dc.subjectINCOME GROWTH
dc.subjectMULTINATIONAL BANKS
dc.subjectFOREIGN CURRENCIES
dc.subjectBOND ISSUANCE
dc.subjectEXCHANGE RATES
dc.subjectFOREIGN CURRENCY RISKS
dc.subjectCORPORATE BOND MARKET
dc.subjectMONETARY FUND
dc.subjectEMERGING MARKET
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectPRIVATE SECTOR DEBT
dc.subjectDEBT
dc.subjectMARKETS
dc.subjectFINANCIAL CRISES
dc.subjectINFLATION RATE
dc.subjectSETTLEMENT
dc.subjectINTERNATIONAL DEBT
dc.subjectBORROWING COSTS
dc.subjectDEBT SERVICE
dc.subjectBANK CREDIT
dc.subjectBANK FINANCING
dc.subjectDOMESTIC BANK
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectMARKET ECONOMIES
dc.subjectBANKING SECTOR
dc.subjectFISCAL DEFICIT
dc.subjectEMERGING MARKETS
dc.subjectCURRENCY RISKS
dc.subjectFEDERAL RESERVE
dc.subjectBOND MARKETS
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectCOUNTRY DEBT
dc.subjectLIQUIDITY RATIOS
dc.subjectACCESS TO BOND MARKETS
dc.subjectBANK BALANCE SHEETS
dc.subjectDEBT SECURITIES
dc.subjectISSUANCE
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectDEBTOR COUNTRIES
dc.subjectLOCAL MARKETS
dc.subjectSHARES
dc.subjectLOCAL CURRENCY
dc.subjectNON-PERFORMING LOAN
dc.subjectSECURITIES
dc.subjectPUBLIC DEBT
dc.subjectBOND MATURITY
dc.subjectTREASURY
dc.subjectSOLVENCY
dc.subjectPRIVATE DEBT
dc.subjectCREDIT SPREADS
dc.subjectBOND MARKET ACTIVITY
dc.subjectCREDIT RISK
dc.subjectFEDERAL RESERVE SYSTEM
dc.subjectCURRENCIES
dc.subjectGOVERNMENT DEBT
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectDOMESTIC CREDIT
dc.subjectFINANCIAL INSTABILITY
dc.subjectCORPORATE BOND
dc.subjectINTERNATIONAL BANK LENDING
dc.subjectINTERNATIONAL DEBT MARKETS
dc.subjectFINANCIAL SUPPORT
dc.subjectLENDING
dc.subjectCAPITAL FLOW
dc.subjectMATURITIES
dc.subjectMICRO DATA
dc.subjectCOMMODITY PRICES
dc.subjectLIABILITIES
dc.subjectBOND MARKET DEVELOPMENT
dc.subjectINTERNATIONAL BANKS
dc.subjectCAPITAL ACCOUNT
dc.subjectASSET PRICE
dc.subjectFOREIGN BANK
dc.subjectCURRENCY MISMATCHES
dc.subjectGLOBAL FINANCIAL STABILITY
dc.subjectDEFICIT
dc.subjectCAPITAL MARKETS
dc.subjectBASIS POINTS
dc.subjectOIL PRICE
dc.subjectNPL
dc.subjectMICRODATA
dc.subjectSTOCK
dc.subjectBOND MATURITIES
dc.subjectINTERNATIONAL SETTLEMENT
dc.subjectCURRENCY CRISES
dc.subjectDUMMY VARIABLES
dc.subjectASSET PRICES
dc.subjectSHARE OF CREDIT
dc.subjectEMERGING ECONOMIES
dc.subjectINTEREST RATE
dc.subjectEXCHANGE
dc.subjectBANKING SYSTEM
dc.subjectISSUANCES
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectLIQUIDITY
dc.subjectEQUITY MARKET
dc.subjectDEBTOR
dc.subjectGOVERNMENT BORROWING
dc.subjectREAL INTEREST
dc.subjectCDS
dc.subjectBONDS
dc.subjectFINANCIAL STRESS
dc.subjectDEBT OVERHANGS
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectNON-PERFORMING LOANS
dc.subjectBOND YIELDS
dc.subjectRESERVE
dc.subjectCENTRAL BANKS
dc.subjectCREDITORS
dc.subjectINFLATION
dc.subjectINTERNATIONAL BANK
dc.subjectCREDITOR
dc.subjectDEVELOPING COUNTRY
dc.subjectENABLING ENVIRONMENT
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectCREDIT DEFAULT
dc.subjectFINANCIAL FRAGILITY
dc.subjectBANK LENDING
dc.subjectMATURITY
dc.subjectLONG-TERM DEBT
dc.subjectINTERNATIONAL FINANCE
dc.subjectMORTGAGES
dc.subjectGLOBAL ECONOMY
dc.subjectSOURCE OF CREDIT
dc.subjectPOLICY RESPONSES
dc.subjectFINANCIAL STUDIES
dc.subjectPORTFOLIOS
dc.subjectOPTIONS
dc.subjectINTEREST RATES
dc.subjectDOMESTIC BANKS
dc.subjectDEFICITS
dc.subjectBUSINESS CYCLE
dc.subjectLENDERS
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectLOANS
dc.subjectRESERVES
dc.subjectFINANCIAL SYSTEM
dc.subjectBORROWING COST
dc.subjectFINANCE
dc.subjectFOREIGN CURRENCY
dc.subjectMARKET PRICE
dc.subjectEQUITY
dc.subjectINVESTORS
dc.subjectDEBT RATIO
dc.subjectFEDERAL RESERVE BANK
dc.subjectINTERNATIONAL BANKING
dc.subjectFINANCIAL STABILITY
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectBANKING CRISIS
dc.subjectACCESS TO CAPITAL
dc.subjectFINANCIAL CRISIS
dc.subjectCAPITAL RAISING
dc.subjectDOMESTIC BANKING
dc.subjectCORPORATE BOND ISSUANCE
dc.subjectBOND MARKET
dc.subjectWORKING CAPITAL
dc.subjectCAPITAL FLOWS
dc.subjectFOREIGN BANKS
dc.subjectBALANCE SHEET
dc.subjectDEFAULT
dc.subjectLOAN QUALITY
dc.subjectMARKET
dc.subjectDEBT MARKETS
dc.subjectCORPORATE DEBT
dc.subjectBANK LOANS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectEQUITY MARKETS
dc.subjectFINANCIAL MARKET
dc.subjectINTERNATIONAL FINANCIAL MARKET
dc.subjectINTERNATIONAL MARKET
dc.subjectINVESTMENT
dc.subjectBOND
dc.subjectSHARE
dc.subjectBALANCE SHEETS
dc.subjectFINANCIAL MARKETS
dc.subjectINDIVIDUAL BOND
dc.subjectCAPITAL INFLOWS
dc.subjectEXTERNAL DEBT
dc.subjectCREDIT GROWTH
dc.subjectSWAPS
dc.subjectEXCHANGE RATE
dc.subjectINSTRUMENT
dc.subjectASSETS RATIO
dc.subjectBANKING CRISES
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectNONPERFORMING LOANS
dc.subjectDOMESTIC BOND MARKETS
dc.titleRecent Credit Surge in Historical Contexten
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleRecent Credit Surge in Historical Context
okr.date.disclosure2016-06-16
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/06/26497916/recent-credit-surge-historical-context
okr.guid997271468194942917
okr.identifier.doi10.1596/1813-9450-7704
okr.identifier.externaldocumentum090224b0843d3599_1_0
okr.identifier.internaldocumentum26497916
okr.identifier.reportWPS7704
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/06/16/090224b0843d3599/1_0/Rendered/PDF/Recent0credit00n0historical0context.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Financial Crisis Management & Restructuring
okr.unitDevelopment Prospects Group, Development Economics
relation.isAuthorOfPublication5807995a-9e0a-5d56-b622-d4d19e723613
relation.isAuthorOfPublication.latestForDiscovery5807995a-9e0a-5d56-b622-d4d19e723613
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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