Global Credit and Domestic Credit Booms

15 Pages Posted: 3 Sep 2012 Last revised: 29 Sep 2013

See all articles by Claudio E. V. Borio

Claudio E. V. Borio

Bank for International Settlements (BIS) - Research and Policy Analysis

Robert N. McCauley

University of Oxford - Oxford Centre for Global History; Boston University, Global Development Policy Center

Patrick McGuire

Bank for International Settlements (BIS)

Date Written: September 2, 2011

Abstract

US dollar credit is growing quickly outside the United States, especially in Asia, and in some economies it has outpaced overall credit growth. Cross-border sources of credit bear watching in view of their record of outgrowing overall credit in credit booms. Foreign currency and cross-border sources of credit raise policy issues.

JEL Classification: E5, F3

Suggested Citation

Borio, Claudio E.V. and McCauley, Robert N. and McCauley, Robert N. and McGuire, Patrick M., Global Credit and Domestic Credit Booms (September 2, 2011). BIS Quarterly Review, September 2011, Available at SSRN: https://ssrn.com/abstract=1953323

Claudio E.V. Borio (Contact Author)

Bank for International Settlements (BIS) - Research and Policy Analysis ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

Robert N. McCauley

University of Oxford - Oxford Centre for Global History ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Boston University, Global Development Policy Center ( email )

67 Bay State Road
Boston, MA 02215
United States

Patrick M. McGuire

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

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