Business and default cycles for credit r
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Siem Jan Koopman; AndrΓ© Lucas
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Article
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2005
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John Wiley and Sons
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English
β 138 KB
## Abstract Various economic theories are available to explain the existence of credit and default cycles. There remains empirical ambiguity, however, as to whether these cycles coincide. Recent papers suggest by their empirical research setβup that they do, or at least that defaults and credit spr