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...

Полное описание

Библиографические подробности
Главный автор: Herman, Alexander
Другие авторы: Igan, Deniz, Sole, Juan
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2015.
Серии:IMF Working Papers; Working Paper ; No. 2015/143
Online-ссылка:Full text available on IMF