IMF research investigates impact of asset prices on credit growth

International Monetary Fund headquarters

A working paper, released by the International Monetary Fund (IMF) on April 24, examines the impact of asset prices on credit growth in France during the period 1993–2010.

Author Cyril Pouvelle, aims to disentangle credit demand and supply factors. Pouvelle uses bank-level panel data for his research, and concludes that monetary policy should take into account the movement in asset prices due to their impact on the monetary policy transmission through the credit channel.

The research finds macro

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: