Credit Expansion and Neglected Crash Risk

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How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels (2020, unknown): “(2017), Baron and Xiong (2017), and López-Salido et al. (2017). Credit supply expansion refers to a greater willingness to lend, all else equal. It may be driven by factors such as deregulation, liberalization, a global savings glut, or behavioral factors (as examples, see Gennaioli et al. (2012), F”
Neglected Risks: The Psychology of Financial Crises (2015, background): “…syndrome”: the good news creates too much faith in good fundamentals, which leads to neglect of risk and excessive debt issuance, as in Baron and Xiong ( 2014 ) . of Extrapolation of good times and the neglect downside risk are part of the same psychological mechanism of representativeness.”
Learning from History: Volatility and Financial Crises (2016, methodology): “We then follow a procedure analogous to Baron and Xiong’s (2016): For a given year, we first identify the countries that suffer a crisis and group the crisis events into 48 distinct episodes.”
Why Does Fast Loan Growth Predict Poor Performance for Banks (2018, unknown): “Baron and Xiong (2015) conjecture that credit may flow to borrowers with poor credit quality during a large expansion of bank credit but cannot test this at the country level.”