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Credit Booms and Macroeconomic Dynamics : Stylized Facts and Lessons for Low-Income Countries

Author/Editor: Marco Arena, Serpil Bouza, Era Dabla-Norris, Kerstin Gerling, Lamin Njie.

Release Date:January, 2015

Using a comprehensive database on bank credit, covering 135 developing countries over the period 1960–2011, we identify, document, and compare the macro-economic dynamics of credit booms across more...



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