Series: IMF Working Papers
Author(s): Andrea Maechler , and Alexander Tieman
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2009
Keywords: financial sector risk, feedback effects, second-round effects, credit growth, financial sector, regression results, panel regression, regression equation, Multiple or Simultaneous Equation Models: Models with Panel Data, Financial Markets and the Macroeconomy
This paper estimates the magnitude of key effects on the real economy from financial sector stress. We focus on the short-run feedback effect from market-based indicators of financial sector risk to the real econom...