Creditless Recoveries:
Recoveries that occur in the absence of credit growth are often dubbed miracles and named after mythical creatures. Yet these are not rare animals, and are not always miracles. About one out of five recoveries is "creditless", and average growth during these episodes is about a third lower...
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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. 11/58 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Recoveries that occur in the absence of credit growth are often dubbed miracles and named after mythical creatures. Yet these are not rare animals, and are not always miracles. About one out of five recoveries is "creditless", and average growth during these episodes is about a third lower than during "normal" recoveries. Aggregate and sectoral data suggest that impaired financial intermediation is the culprit. Creditless recoveries are more common after banking crises and credit booms. Furthermore, sectors more dependent on external finance grow relatively less and more financially dependent activities (such as investment) are curtailed more during creditless recoveries |
Beschreibung: | 1 Online-Ressource (30 p) |
ISBN: | 1455221023 9781455221028 |
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spelling | Abiad, Abdul Verfasser aut Creditless Recoveries Abiad, Abdul Washington, D.C International Monetary Fund 2011 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/58 Recoveries that occur in the absence of credit growth are often dubbed miracles and named after mythical creatures. Yet these are not rare animals, and are not always miracles. About one out of five recoveries is "creditless", and average growth during these episodes is about a third lower than during "normal" recoveries. Aggregate and sectoral data suggest that impaired financial intermediation is the culprit. Creditless recoveries are more common after banking crises and credit booms. Furthermore, sectors more dependent on external finance grow relatively less and more financially dependent activities (such as investment) are curtailed more during creditless recoveries Online-Ausg Dell'Ariccia, Giovanni Sonstige oth Li, Grace Bin Sonstige oth http://elibrary.imf.org/view/IMF001/11711-9781455221028/11711-9781455221028/11711-9781455221028.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Abiad, Abdul Creditless Recoveries |
title | Creditless Recoveries |
title_auth | Creditless Recoveries |
title_exact_search | Creditless Recoveries |
title_exact_search_txtP | Creditless Recoveries |
title_full | Creditless Recoveries Abiad, Abdul |
title_fullStr | Creditless Recoveries Abiad, Abdul |
title_full_unstemmed | Creditless Recoveries Abiad, Abdul |
title_short | Creditless Recoveries |
title_sort | creditless recoveries |
url | http://elibrary.imf.org/view/IMF001/11711-9781455221028/11711-9781455221028/11711-9781455221028.xml |
work_keys_str_mv | AT abiadabdul creditlessrecoveries AT dellaricciagiovanni creditlessrecoveries AT ligracebin creditlessrecoveries |