An Anatomy Of Credit Booms: Evidence From Macro Aggregates And Micro Data
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| Originally published | September 30, 2005 |
| Authors | Enrique G. Mendoza |
| Marco E. Terrones | |
| Date of Reg. | |
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| ID | 1315915 |
About An Anatomy Of Credit Booms: Evidence From Macro Aggregates And Micro Data
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. . . .