Series: IMF Working Papers
Author(s): Marco Terrones , Ayhan Kose , and Stijn Claessens
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2011
Keywords: Credit crunches, asset busts, booms, recoveries, financial crises., recession, financial cycles, financial crisis,
This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our results suggest...