In crisis times, depositors get anxious, can run on banks, and withdraw their deposits.
Correlated withdrawals of bank deposits could be mitigated if bank deposits are more …

Basel III uses the gap between the credit-to-GDP ratio and its long-term trend as a guide for
setting countercyclical capital buffers. Criticism of this choice centres on three areas:(i) the …

We use data from the London Metal Exchange (LME) to forecast monthly copper returns
using the recently proposed dynamic model averaging and selection (DMA/DMS) …

Abstract Rapach et al.(2013) recently showed that US equity market returns contain valuable
information for improving return forecasts in global equity markets. In this study, we extend …

Across the world, supply for financial services rarely matches the demand, given multiple
market frictions. This paper discusses the concept of the financial possibilities frontier as a …

Using both market-based and annual report-based approaches to measure lending
specialization for a broad cross-section of banks and countries over the period 2002 to …

Table OA4. 1: AUCs for Different Measures of the Credit Gap, 1985: Q1–2000: Q4
(corresponds to upper panel of figure 4 in the paper and figure OA4. 1 in this appendix) …

This paper applies a life-cycle model with individual income uncertainty in order to
investigate the determinants of credit to households. We show that the household credit to …

Purpose For close to two decades, the West African Monetary Zone (WAMZ) has been
preparing to launch a second monetary union within the ECOWAS region. This study aims to …

This paper proposes a semi-structural approach to identifying excessive household credit
developments. Using an overlapping generations model, a normative trend level for the real …