Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
By M. Schularick, Alan M. Taylor. 2012
934 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/14f6b5b35c709ce144f79fbd84354911e63605cf
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- C. Borio
- Hyun Song Shin
- Hélène Rey
- Arvind Krishnamurthy
- Robert N. McCauley
- Jeremy C. Stein
- R. Rajan
- Egon Zakraǰsek
In Finance
- C. Borio
- Hélène Rey
- Hyun Song Shin
- Arvind Krishnamurthy
- Jeremy C. Stein
- Mathias Drehmann
- Robert N. McCauley
- Stijn Claessens
Citations in the corpus
- Curbing the Credit Cycle (2015, positive): “To assess that, we draw on a dataset recently developed by Schularick and Taylor (2009).”
- The UK Recession in Context — What Do Three Centuries of Data Tell Us? (2010, neutral): “(4) See, for example, Hawtrey (1913), Friedman and Schwartz (1963), Benati (2006) and Schularick and Taylor (2009).”
- The credit-to-GDP gap and countercyclical capital buffers: questions and answers (2014, positive): “Empirically, it is consistent with a growing literature documenting that unusually strong credit growth tends to precede crises (Schularick and Taylor (2012), Gourinchas and Obstfeld (2012)).”
- Why Does Fast Loan Growth Predict Poor Performance for Banks (2018, neutral): “Many recent papers show that credit booms generally end poorly and are followed by poor economic performance (e.g., Baron and Xiong (2015), Jordà, Schularick, and Taylor (2013), Reinhart and Rogoff (2009), or Schularick and Taylor (2012)).”
- International Channels of Transmission of Monetary Policy and the Mundellian Trilemma (2015, neutral): “…as vehicle 8It is worth remembering that credit booms have been found to be the best predictor of financial crises (Gourinchas and Obstfeld (2012), Schularick and Taylor (2012)) 9Bruno and Shin (2015b) is an exception for the ”risk-taking channel” 10Farhi and Werning (2015) study a range of…”
- Cross-Border Banking and Global Liquidity (2015, neutral): “One reason for the caution is that the growth in gross capital ows was associated with increased leverage and the size of the banking sector as a whole, as emphasised by Borio and Disyatat (2011), Gourinchas and Obstfeld (2012) and Schularick and Taylor (2012).”