This paper examines the recent slowdown in bank lending that has affected several large OECD countries. The analysis begins with a description of the importance of bank credit in the financial systems of the countries considered. The origins of the lending slowdown are analysed - - including the importance of deteriorating bank balance sheets and the BIS capital rules - - as well as its potential to depress economic activity. The paper concludes with a discussion of how monetary policy should react to unusually sluggish bank lending ...

Cette étude analyse le ralentissment récent du crédit bancaire dans plusieurs grands pays de l'OCDE. Elle décrit tout d'abord l'importance du crédit bancaire dans les systèmes financiers des pays considérés. Les facteurs à l'origine de la contraction du crédit sont ensuite passés en revue, notamment la dégradation des bilans bancaires ainsi que l'incidence des ratios de capital plus stricts imposés par les banques centrales. L'étude tente d'apprécier, en outre, dans quelle mesure ces facteurs pourraient exercer une influence négative sur l'activité économique. Enfin, l'étude examine la façon dont la politique monétaire devrait réagir à ce ralentissement inhabituel de l'expansion du crédit ...

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Paper provided by OECD, Economics Department in its series OECD Economics Department Working Papers with number 107.

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Date of creation: 1992
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Handle: RePEc:oec:ecoaaa:107-en

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1. Warren Tease & Jenny Wilkinson, 1993. "The Provision of Financial Services - Trends, Prospects and Implications," RBA Research Discussion Papers rdp9315, Reserve Bank of Australia. [Downloadable!]

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