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

Bank for International Settlements (BIS)

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 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

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

Patrick M. McGuire

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

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