The credit market imperfections have important consequences for aggregate cycles, especially for developing countries. The research on the relationship between

This book presents empirical evidence that supports and facilitates a practical, integrated approach to how bank regulatory and selected macro-prudential tools

Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth. The volatility th

This book is a collection of eleven papers concerned with the effects of market imperfections on the decision-making of economic agents and on economic policies

We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic e