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An Anatomy of Credit Booms.
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...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2008.
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| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Credit Booms: Methodology and Key Features; A. Methodology; B. Credit Boom Episodes and Their Main Features; 1. Credit Booms: Seven-Year Event Windows; 2. Relative Credit Booms; 1. Credit Booms: Duration; 3. Frequent of Credit Booms; C. Differences with the Method of Gourinchas, Valdes and Landerretche; 4. Credit Booms in Chile: The Mendoza-Terrones Method; 5. Credit Booms in Chile: The Gourinchas, Valdes, and Landeretche (CVL) Method; 6. Credit Booms in Chile: Expanding vs. Conventional Trend.
- III. Credit Booms and Macroeconomic DynamicsA. Event Analysis; 7. Credit Booms and Economic Activity; 8. Credit Booms and Domestic Demand; 9. Credit Booms and The Non-Tradables Sector; 10. Credit Booms, Current Account, and Capital Inflows; 2. Coincidence of Credit Booms with Output and Demand Booms; 3. Credit Booms: Statistical Significance of Event-Window Coefficients; 11. Credit Booms and Prices; 4. Credit Booms: Regional Features; B. Frequency Analysis; 5. Credit Booms and Crises; 6. Credit Booms: Potential Triggering Factors; 7. Credit Booms and Exchange Rate Regimes.
- IV. Credit Booms and Firm Level Data. A. Firm-level Indicators; 12. Credit Booms: Corporate Leverage; 13. Credit Booms: Tobin's Q, Interest Rate, and Profitability; 14. Credit Booms: Corporate External Financing; 15. Credit Booms: Financial Indicators; 16. Credit Booms: Corporate Leverage and External Financing in Emerging Market Countries; 17. Credit Booms: Bank Level Data Emerging Market Economies; B. Bank-level Indicators; V. Conclusions; I. Sample of Countries; II. Data Definitions and Sources; III. The Gourinchas-Valdes-Landerretche Thresholds Method; References; Footnotes.