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Record Nr. |
UNINA9910165036903321 |
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Autore |
Krznar Ivo |
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Titolo |
Financial and Business Cycles in Brazil / / Ivo Krznar, Troy Matheson |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2017 |
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ISBN |
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1-4755-7252-2 |
1-4755-7259-X |
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Descrizione fisica |
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1 online resource (29 pages) : color illustrations, tables, graphs |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Banks and Banking |
Macroeconomics |
Money and Monetary Policy |
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) |
Financial Markets and the Macroeconomy |
General Financial Markets: General (includes Measurement and Data) |
Financial Institutions and Services: General |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Business Fluctuations |
Cycles |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Monetary economics |
Economic growth |
Banking |
Credit |
Financial cycles |
Business cycles |
Credit cycles |
State-owned banks |
Money |
Financial sector policy and analysis |
Financial institutions |
Banks and banking |
Brazil Economic conditions |
Brazil Economic policy |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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This paper explores the nexus between the financial cycle and business cycle in Brazil. Cycles are estimated using a variety of commonly-used statistical methods and with a small, semistructural model of the Brazilian economy. An advantage of using the model-based approach is that financial and business cycles can be jointly estimated, allowing information from all key economic relationships to be used in a consistent way. The results show that Brazil is now in the downturn phase of the financial cycle. Moreover, the results underscore the importance of macro-financial linkages and highlight risks to the recovery going forward. |
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