Reversing the Financial Accelerator : Credit Conditions and Macro-Financial Linkages /

This paper examines the role of credit markets in the transmission of U.S. macro-financial shocks through the prism of a financial conditions index (FCI) based on a vector autoregression (VAR) methodology. It explores the relative predictive power of market variables compared to credit standards/con...

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Bibliographic Details
Main Author: Bayoumi, Tamim
Other Authors: Darius, Reginald
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/026
Online Access:Full text available on IMF