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The Credit Channel in Middle Income Countries

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NBER2002-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9355
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Credit market conditions play a key role in propagating shocks in middle income countries (MICs). In particular, shocks to the spread between domestic and international interest rates have a strong effect on GDP, and an even stronger effect on domestic credit. This strong credit channel is
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2002-12-01
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