Series: IMF Working Papers
Author(s): Marco Terrones , Ayhan Kose , and Stijn Claessens
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2011
Keywords: credit cycles, asset busts, crunches, house prices, financial cycles, financial crises, financial markets, equity markets, International Policy Coordination and Transmission,
This paper provides a comprehensive analysis of financial cycles using a large database covering 21 advanced countries over the period 1960:1-2007:4. Specifically, we analyze cycles in credit, house prices, and equ...