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Credit Cyclicality in Chile
By:Mr. Ludvig Söderling
Published on 2008-03-01 by International Monetary Fund

This paper analyzes the determinants of credit cyclicality. It constructs a financial development index and studies whether it affects the amplitude of impulse responses to shocks to output, terms of trade, global liquidity, and global risk appetite. The paper uses both country-specific VARs for cross-country analyses and panel VARs to compare impulse responses between various country groupings. The study finds evidence that financial development-especially stronger creditor rights-can mitigate credit cyclicality, given that the response of credit to output or terms of trade shocks is stronger in countries with weaker financial systems.
This Book was ranked at 38 by Google Books for keyword Credit channel.
Book ID of Credit Cyclicality in Chile's Books is SRbTUxxB9woC, Book which was written byMr. Ludvig Söderlinghave ETAG "98tDQe1V+Qg"
Book which was published by International Monetary Fund since 2008-03-01 have ISBNs, ISBN 13 Code is 9781451913705 and ISBN 10 Code is 1451913702
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