Financial Crises and the Transmission of Monetary Policy to Consumer Credit Markets

2020 ◽  
Author(s):  
Sasha Indarte
Keyword(s):  
Monetary Policy ◽  
Financial Crises ◽  
Credit Markets ◽  
Consumer Credit ◽  
Transmission Of Monetary Policy

scholarly journals The Effects of Competition in Consumer Credit Markets

2018 ◽  
Author(s):  
Stefan Gissler ◽  
Rodney Ramcharan ◽  
Edison Yu
Keyword(s):  
Credit Markets ◽  
Consumer Credit

An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime

2018 ◽  
Vol 78 (2) ◽  
pp. 319-357 ◽  
Author(s):  
Michael D. Bordo
Keyword(s):  
Monetary Policy ◽  
Financial Crises ◽  
Financial Stability ◽  
Historical Perspective ◽  
Asset Price ◽  
Financial Instability ◽  
Historical Evidence ◽  
Policy Regime ◽  
Extreme Form ◽  
Credit Booms

This article surveys the co-evolution of monetary policy and financial stability for a number of countries from 1880 to the present. Historical evidence on the incidence, costs, and determinants of financial crises (the most extreme form of financial instability), combined with narratives on some famous financial crises, suggests that financial crises have many causes, including credit-driven asset price booms, which have become more prevalent in recent decades, but in general financial crises are very heterogeneous and hard to categorize. Moreover, evidence shows that the association across the country sample between credit booms, asset price booms, and serious financial crises is quite weak.

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