Business Cycle in Czechoslovakia Under Central Planning : Were Credit Shocks Causing it? /

This paper examines credit origins of the business cycle in the former Czechoslovakia. Industrial production is found to be cointegrated with various measures of bank credit during 1976-90 and it is shown that noninvestment credits are Granger-causing industrial production and that a feedback relati...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Bulir, Ales
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1996.
سلاسل:IMF Working Papers; Working Paper ; No. 1996/129
الوصول للمادة أونلاين:Full text available on IMF