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Global Credit and Domestic Credit BoomsClaudio E. V. BorioBank for International Settlements (BIS) - Research and Policy Analysis Robert N. McCauleyBank for International Settlements (BIS) Patrick McGuireBank for International Settlements (BIS) September 2, 2011 BIS Quarterly Review, September 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.
Number of Pages in PDF File: 15 JEL Classification: E5, F3 Accepted Paper SeriesDate posted: November 3, 2011 ; Last revised: November 8, 2011Suggested CitationContact Information
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