The Leading eBooks Store Online 4,363,412 members ⚫ 1,467,645 ebooks

New to eBooks.com?

Learn more

Credit Cyclicality in Chile: A Cross-Country Perspective

Credit Cyclicality in Chile: A Cross-Country Perspective by Ludvig Söderling
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
This paper analyzes the determinants of credit cyclicality. It constructs a financial development index and studies whether it affects the amplitude of impulse responses to shocks to output, terms of trade, global liquidity, and global risk appetite. The paper uses both country-specific VARs for cross-country analyses and panel VARs to compare impulse responses between various country groupings. The study finds evidence that financial development-especially stronger creditor rights-can mitigate credit cyclicality, given that the response of credit to output or terms of trade shocks is stronger in countries with weaker financial systems.
International Monetary Fund; March 2008
21 pages; ISBN 9781452767253
Read online, or download in secure EPUB or secure PDF format
Title: Credit Cyclicality in Chile: A Cross-Country Perspective
Author: Ludvig Söderling