How Credit Cycles across a Financial Crisis
收藏NBER2017-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23850
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资源简介：
We study the behavior of credit and output across a financial crisis cycle using information from credit spreads and credit growth. We show the transition into a crisis occurs with a large increase in credit spreads, indicating that crises involve a dramatic shift in expectations and are a surprise.
提供机构：
美国国家经济研究局
创建时间：
2017-09-01
