The impact of real estate, inequality and current account imbalances on excessive credit: A cross country analysis
Journal: Munich Personal RePEc Archive (Munich University)
Year: 2016

The numerous financial crises in the 20th and 21st century demonstrate the role of excessive credit&#13;\nas the main instigator of financial crises. Could this excessive credit be natural byproducts of&#13;\nlingering economic ailments such as, income inequality, property bubbles and persistent current&#13;\naccount imbalances? This study attempts to answer this question by applying the Least Squares&#13;\nDummy Variable (LSDVC) and dynamic GMM estimations based on the data of ten countries&#13