Avouyi-Dovi, Sanvi; Kierzenkowski, Rafal; Lubochinsky, … - Université Paris-Dauphine (Paris IX) - 2006
This paper provides an analysis of co-movements between real and financial variables in three new EU member countries (the Czech Republic, Hungary and Poland) and the euro area. It focuses on the co-movement between real credit granted to firms and real industrial output on the one hand, and...