The fourth seminar of Bank of Italy's annual programme of technical cooperation with central banks of emerging countries was devoted to the analysis of the credit market.
Regular monitoring and in-depth assessment of credit market dynamics and structure are an essential component of central banks' economic and financial analysis. The recent financial crisis has further highlighted the importance of effective analytical instruments of credit market developments, to gauge their impact on monetary policy transmission, to assess financial stability conditions and prospects, to evaluate their influence on the real sector's economic performance, to support macroeconomic forecasts.
The Seminar aimed at illustrating the analytical methods and tools in use at Banca d'Italia to meet these challenges.