Global Credit and Domestic Credit Booms
15 Pages Posted: 3 Sep 2012 Last revised: 29 Sep 2013
Date Written: September 2, 2011
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: Suggested Citation