On the allocation of credit and aggregate fluctuations
Recent literature on financial development and growth has highlighted the possibility of endogenous business cycles arising for particular levels of a given credit multiplier. These studies concentrate on loans directed to the productive activity and neglect the role of credit to consumption. In thi...
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| Format: | article |
| Language: | eng |
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2015
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| Online Access: | https://ciencia.iscte-iul.pt/public/pub/id/22723 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/10065 |