Series: Staff Discussion Notes
Author(s): Giovanni Dell'Ariccia , Ehsan Ebrahimy , Deniz Igan , and Damien Puy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 February 2020
Keywords: Financial crisis, Bank credit, Credit booms, Employment, Real sector, Financial statistics, Financial crises, Total factor productivity, Credit boom, Value added
Credit booms are a focal point for policymakers and scholars of financial crises. Yet our understanding of how the real sector behaves during booms, and why some booms may go bad, is limited. Despite a large and gr...