Castro, Vítor; Martins, Rodrigo - In: Journal of Economic Studies 47 (2020) 6, pp. 1437-1465
Purpose: This paper analyses the collapse of credit booms into soft landings or systemic banking crises. Design/methodology/approach: A discrete-time competing risks duration model is employed to disentangle the factors behind the length of benign and harmful credit booms. Findings: The results...