The Determinants of Credit Cycle and Its Forecast

Abstract

In our research, we study what macroeconomic factors drive and influence the credit cycle. Also, our study contains four sections with theoretical and empirical parts, in which we describe how to measure credit cycles for developed and developing countries, and then we introduce an important indicator credit gap. Our results show the comparative analysis of credit cycles between different countries with various economic growth, and we built up an econometric model, which shows us the impact of macroeconomic factors according to credit cycles for developing and developed economies.