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Whether the likelihood of a credit boom ending is dependent on its age or not, or whether the respective behavior is … that gap, exploring those issues with a proper duration analysis. Credit booms are identified considering two criteria well … whether credit booms are duration dependent or not. The findings show that the likelihood of credit booms ending increases …
Persistent link: https://www.econbiz.de/10012974267
This paper defines economic slumps as sequences of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some countries declines last extremely long, and we put...
Persistent link: https://www.econbiz.de/10010234524
This paper explores the effect of financial development on the duration of economic recoveries, considering a sample of 414 economic recoveries observed in 67 countries during the period 1989-2019. We define the duration of economic recovery, as the time it takes the economy to return to its...
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This paper studies periods of prolonged contractions in output per capita in a sample of 145 countries from 1950 to 2014. Economic slumps are defined as abrupt interruptions of a period of growth by several regime switches. Slumps start with a sharp contraction along with a trend break, which is...
Persistent link: https://www.econbiz.de/10012564847
Using a large sample of accounting data for non financial companies in France on the period 1990-2004, the paper studies the interactions between macroeconomic shocks and companies financial fragility. We consider links in both directions, namely whether .rms. bankruptcies are affected by...
Persistent link: https://www.econbiz.de/10013115694
This paper studies periods of prolonged contractions in output per capita in a sample of 145 countries from 1950 to 2014. Economic slumps are defined as abrupt interruptions of a period of growth by several regime switches. Slumps start with a sharp contraction along with a trend break, which is...
Persistent link: https://www.econbiz.de/10012842778