Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/66773
Título: | The collapse of credit booms: a competing risks analysis |
Autor(es): | Castro, Vítor Martins, Rodrigo |
Palavras-chave: | Credit booms Duration analysis Competing risks model Multinomial logit Central Bank independence |
Data: | 2020 |
Editora: | Emerald |
Revista: | Journal of Economic Studies |
Citação: | Vitor Castro, Rodrigo Martins, The collapse of credit booms: A competing risks analysis, Journal of Economic Studies. DOI: 10.1108/JES-04-2019-0196 |
Resumo(s): | This paper analyses the collapse of credit booms by using a discrete-time competing risks duration model to disentangle the factors behind the length of benign and harmful credit booms. The results show that economic growth and monetary authorities play the major role in explaining the differences in the length and outcome of credit booms. Moreover, both types of credit expansions display positive duration dependence, i.e. both are more likely to end as they grow older, but hard landing credit booms have proven to be longer than those that land softly. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/66773 |
DOI: | 10.1108/JES-04-2019-0196 |
Versão da editora: | https://www.emerald.com/insight/content/doi/10.1108/JES-04-2019-0196 |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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VC_RM_JES.pdf | The collapse of credit booms: A competing risks analysis | 871,08 kB | Adobe PDF | Ver/Abrir |