Encontrado 1 documento, a visualizar página 1 de 1

Duration dependence and change-points in the likelihood of credit booms ending

Whether the likelihood of credit booms ending is dependent on its age or not, or whether the respective behaviour is smooth or bumpy are important issues to which the economic literature has not given attention yet. This paper tries to fill that gap in the literature, exploring those issues with a proper duration analysis. Credit booms are identified considering two criteria well established in the literature: ...