An Anatomy of Credit Booms : : Evidence From Macro Aggregates and Micro Data / / Marco Terrones, Enrique Mendoza

• Autore: Terrones Marco
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2008
• Descrizione fisica: 1 online resource (52 pages) : illustrations (some color)
• Disciplina: 332.7
• Soggetto topico: Credit - Econometric models; Business cycles - Econometric models; Exports and Imports; Financial Risk Management; Money and Monetary Policy; Monetary Policy, Central Banking, and the Supply of Money and Credit: General; International Investment; Long-term Capital Movements; Financial Crises; Monetary economics; International economics; Economic & financial crises & disasters; Credit booms; Credit; Sudden stops; Financial crises; Capital inflows; Capital movements
• Soggetto geografico: Chile
• Altri autori: MendozaEnrique
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references.
• Sommario/riassunto: We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits. Micro data show a strong association between credit booms and leverage ratios, firm values, and banking fragility. We also find that credit booms are larger in emerging economies, particularly in the nontradables sector; most emerging markets crises are associated with credit booms; and credit booms in emerging economies are often preceded by large capital inflows but not by financial reforms or productivity gains.
• Titolo autorizzato: An Anatomy of Credit Booms
• ISBN: 1-4623-2753-2; 1-282-84177-7; 1-4518-7084-1; 9786612841774; 1-4527-1578-5
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788231203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2008/226