Information sharing, credit booms, and financial stability: lessons for developing economies
Credit information sharing reduces financial fragility in advanced and developing countries, but transmission channels are different
Abstract
皇冠体育app global financial crisis has highlighted the vulnerability of financial systems and stressed the need for improving the management of financial vulnerability. 皇冠体育app financial stability issue in low-income countries has received less attention in recent years, insofar as they have been less impacted by the global financial crisis than emerging economies.
皇冠体育app authors investigated the determinants of financial fragility in advanced and developing countries, focusing on the interaction between credit booms and credit information sharing systems. 皇冠体育app results showed that credit information sharing reduces financial fragility in both groups, but transmission channels are different. For advanced and emerging countries, credit information sharing reduces the likelihood of credit booms and mitigates their detrimental impact on financial fragility. For less developed countries, credit information sharing mainly has a direct effect by improving credit portfolio quality.
皇冠体育appre is a working paper and policy brief. This work is part of the 鈥楩inancial Volatility, Macroprudential Regulation and Economic Growth in Low-Income Countries鈥� project
Citation
Samuel Guerineau, Florian Leon, 2016. Information sharing, credit booms, and financial stability, Fondation pour les 茅tudes et recherches sur le d茅veloppement international (FERDI) Working Papers P159
Links
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