Managing Credit Bubbles /
We study a dynamic economy where credit is limited by insufficient collateral and, as a result, investment and output are too low. In this environment, changes in investor sentiment or market expectations can give rise to credit bubbles, that is, expansions in credit that are backed not by expectati...
| Autor principal: | |
|---|---|
| Otros Autores: | |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2014.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 2014/095 |
| Acceso en línea: | Full text available on IMF |