Effects of Credit Expansions on Stock Market Booms and Busts
收藏数据链接：
官方服务：
资源简介：
Household credit expansions often coincide with high stock-market valuations, but identifying a causal relationship remains challenging. Because unconstrained arbitrageurs play a pivotal role in stock-pricing, the impact of credit is not obvious (despite evidence in less-liquid housing markets).
提供机构：
美国国家经济研究局创建时间：
2018-05-01
