Financial Cycles: What? How? When? photograph

Financial Cycles: What? How? When?

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Originally published April 2011
Authors Stijn Claessens
M. Ayhan Kose
Marco E. Terrones
Date of Reg.
Date of Upd.
ID1315943
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About Financial Cycles: What? How? When?


This paper provides a comprehensive analysis of financial cycles using a large database covering 21 advanced countries over the period 1960:1-2007:4. Specifically, we analyze cycles in credit, house prices, and equity prices. We report three main results. . . .

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