significant consequences for the productive sector (destruction of companies, high unemployment, credit restrictions) and on … different types of women's businesses. The variables of the study are some financial indicators: credit ratio, debt ratio …

The recent financial crisis has put the spotlight on the rapid rise in credit which preceded it. In this paper, we … provide an empirical and theoretical analysis of the credit boom and the macroeconomic context in which it developed. We find … economies in which it took place. We show that this type of credit and financial cycle is hard to reconcile with existing …

quite stable over time. - Credit cycles ; fiscal policy ; procyclicality …