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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| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2015
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| Texto completo: | https://ciencia.iscte-iul.pt/public/pub/id/22723 |
| País: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/10065 |