How Do Business and Financial Cycles Interact?:
This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our results suggest that there are strong linkages between different phases of business and financial cyc...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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Schriftenreihe: | IMF Working Papers
Working Paper No. 11/88 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our results suggest that there are strong linkages between different phases of business and financial cycles. In particular, recessions associated with financial disruption episodes, notably house price busts, tend to be longer and deeper than other recessions. Conversely, recoveries associated with rapid growth in credit and house prices tend to be stronger. These findings emphasize the importance of developments in credit and housing markets for the real economy |
Beschreibung: | 1 Online-Ressource (54 p) |
ISBN: | 1455233161 9781455233168 |
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spelling | Terrones, Marco Verfasser aut How Do Business and Financial Cycles Interact? Terrones, Marco Washington, D.C International Monetary Fund 2011 1 Online-Ressource (54 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/88 This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our results suggest that there are strong linkages between different phases of business and financial cycles. In particular, recessions associated with financial disruption episodes, notably house price busts, tend to be longer and deeper than other recessions. Conversely, recoveries associated with rapid growth in credit and house prices tend to be stronger. These findings emphasize the importance of developments in credit and housing markets for the real economy Online-Ausg Claessens, Stijn Sonstige oth Kose, M. Ayhan Sonstige oth http://elibrary.imf.org/view/IMF001/11780-9781455233168/11780-9781455233168/11780-9781455233168.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Terrones, Marco How Do Business and Financial Cycles Interact? |
title | How Do Business and Financial Cycles Interact? |
title_auth | How Do Business and Financial Cycles Interact? |
title_exact_search | How Do Business and Financial Cycles Interact? |
title_exact_search_txtP | How Do Business and Financial Cycles Interact? |
title_full | How Do Business and Financial Cycles Interact? Terrones, Marco |
title_fullStr | How Do Business and Financial Cycles Interact? Terrones, Marco |
title_full_unstemmed | How Do Business and Financial Cycles Interact? Terrones, Marco |
title_short | How Do Business and Financial Cycles Interact? |
title_sort | how do business and financial cycles interact |
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