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Investment, credit, and endogenous cycles

✍ Scribed by João Ricardo Faria; Joaquim Pinto de Andrade

Book ID
105129143
Publisher
Springer Vienna
Year
1998
Tongue
English
Weight
424 KB
Volume
67
Category
Article
ISSN
1617-7134

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## 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 set‐up that they do, or at least that defaults and credit spr