An Anatomy of Credit Booms : Evidence From Macro Aggregates and Micro Data /

We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits. Micro data show a strong association between credit booms...

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Dettagli Bibliografici
Autore principale: Terrones, Marco
Altri autori: Mendoza, Enrique
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2008.
Serie:IMF Working Papers; Working Paper ; No. 2008/226
Accesso online:Full text available on IMF