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This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study...

This paper links the current sub-prime mortgage crisis to a decline in lending standards...

Credit booms are a focal point for policymakers and scholars of financial crises. Yet our...

Using a comprehensive database on bank credit, covering 135 developing countries over the period...

Episodes of rapid credit growth, especially credit booms, tend to end abruptly, typically in the...

We examine changes in bank credit across a wide range of emerging market economies during the...