Procyclicality and the Search for Early Warning Indicators – Synopses (2)
By Hyun Song Shin BANK LIABILITY AGGREGATES, INCLUDING SOME MONETARY AGGREGATES Rapid growth of bank lending is mirrored on the liabilities side of the balance sheet by shifts in the composition of bank funding. As intermediaries who borrow in order to lend, banks must raise funding in order to lend to their borrowers. When credit …
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