How Much Does the Private Sector Really Borrow? A New Database for Total Credit to the Private Non-Financial Sector

17 Pages Posted: 12 Apr 2013

See all articles by Christian Dembiermont

Christian Dembiermont

Bank for International Settlements (BIS)

Mathias Drehmann

Bank for International Settlements (BIS)

Siriporn Muksakunratana

Bank for International Settlements (BIS)

Abstract

Despite their importance, data capturing total credit to the private non-financial sector are scarce. This article introduces a new BIS database that provides this information for 40 economies with, on average, more than 45 years of quarterly data, reaching back to the 1940s and 1950s in some cases. It explains the key concepts underlying the compilation of the new series, including a description of the high-level statistical criteria applied, the characteristics of the underlying series used and the statistical techniques employed. For illustration purposes, some facets of the historical evolution of total credit are explored, revealing interesting similarities and differences across countries.

JEL Classification: C82, E51

Suggested Citation

Dembiermont, Christian and Drehmann, Mathias and Muksakunratana, Siriporn, How Much Does the Private Sector Really Borrow? A New Database for Total Credit to the Private Non-Financial Sector. BIS Quarterly Review March 2013, Available at SSRN: https://ssrn.com/abstract=2248501

Christian Dembiermont

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

Mathias Drehmann (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

Siriporn Muksakunratana

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

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