Showing 1 - 10 of 316
Persistent link: https://www.econbiz.de/10009419625
Persistent link: https://www.econbiz.de/10010479411
Persistent link: https://www.econbiz.de/10009615323
In the aftermath of the global financial crisis, the issue of how best to identify speculative asset bubbles (in real …
Persistent link: https://www.econbiz.de/10014411764
We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis … asset price bubbles. Moreover, asset shortages can also explain the current account positions of EMs. The findings suggest …
Persistent link: https://www.econbiz.de/10014396654
Persistent link: https://www.econbiz.de/10010359938
Persistent link: https://www.econbiz.de/10010359944
This paper, together with a technical companion paper, presents MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the...
Persistent link: https://www.econbiz.de/10014411162
This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy....
Persistent link: https://www.econbiz.de/10014411163
are too low. In this environment, changes in investor sentiment or market expectations can give rise to credit bubbles …
Persistent link: https://www.econbiz.de/10014411400