Do Credit Shocks Matter? : A Global Perspective /

This paper examines the importance of credit market shocks in driving global business cycles over the period 1988:1-2009:4. We first estimate common components in various macroeconomic and financial variables of the G-7 countries. We then evaluate the role played by credit market shocks using a seri...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Helbling, Thomas
Awduron Eraill: Huidrom, Raju, Kose, Ayhan, Otrok, Christopher
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2010.
Cyfres:IMF Working Papers; Working Paper ; No. 2010/261
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781455209613 
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100 1 |a Helbling, Thomas. 
245 1 0 |a Do Credit Shocks Matter? :   |b A Global Perspective /  |c Thomas Helbling, Ayhan Kose, Christopher Otrok, Raju Huidrom. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2010. 
300 |a 1 online resource (37 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the importance of credit market shocks in driving global business cycles over the period 1988:1-2009:4. We first estimate common components in various macroeconomic and financial variables of the G-7 countries. We then evaluate the role played by credit market shocks using a series of VAR models. Our findings suggest that these shocks have been influential in driving global activity during the latest global recession. Credit shocks originating in the United States also have a significant impact on the evolution of world growth during global recessions. 
538 |a Mode of access: Internet 
700 1 |a Huidrom, Raju. 
700 1 |a Kose, Ayhan. 
700 1 |a Otrok, Christopher. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/261 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2010/261/001.2010.issue-261-en.xml  |z IMF e-Library