Accelerate or brake?—The connection of credit gaps and economic disequilibrium
Balázs Fazekas,
Cserne Panka Póta,
Patrícia Becsky‐Nagy
Abstract:Credit supply shocks significantly aggravate the impact of economic recessions. Understanding the underlying reasons why credit market shocks occur and detecting the market turbulences in time can give a decision support tool for the economic policy to intervene more efficiently on the market and to reduce the effect of economic downturns. The goal of the current article is to investigate the factors that signal possible credit shocks by analyzing the quarterly data of 17 European countries over the period 199… Show more
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