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|c 5.00 USD
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|z 9781451869170
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Soderling, Ludvig.
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|a Credit Cyclicality in Chile :
|b A Cross-Country Analysis /
|c Ludvig Soderling.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (21 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper analyzes the determinants of credit cyclicality. It constructs a financial development index and studies whether it affects the amplitude of impulse responses to shocks to output, terms of trade, global liquidity, and global risk appetite. The paper uses both country-specific VARs for cross-country analyses and panel VARs to compare impulse responses between various country groupings. The study finds evidence that financial development-especially stronger creditor rights-can mitigate credit cyclicality, given that the response of credit to output or terms of trade shocks is stronger in countries with weaker financial systems.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2008/055
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/055/001.2008.issue-055-en.xml
|z IMF e-Library
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