The Macroeconomic Relevance of Credit Flows : An Exploration of U.S. Data /

This paper exploits the Financial Accounts of the United States to derive long time series of bank and nonbank credit to different sectors, and to examine the cyclical behavior of these series in relation to (i) the long-term business cycle, (ii) recessions and recoveries, and (iii) systemic financi...

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Détails bibliographiques
Auteur principal: Herman, Alexander
Autres auteurs: Igan, Deniz, Sole, Juan
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2015.
Collection:IMF Working Papers; Working Paper ; No. 2015/143
Accès en ligne:Full text available on IMF