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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Bibliografski detalji
Glavni autor: Herman, Alexander
Daljnji autori: Igan, Deniz, Sole, Juan
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2015.
Serija:IMF Working Papers; Working Paper ; No. 2015/143
Online pristup:Full text available on IMF