Revisiting overborrowing and its policy implications

Economies with imperfect financial market access may experience crises that cause significant economic dislocation. These crises are characterized by the sudden stop of domestic or international credit flows and they are associated with large declines in consumption output relative prices and asset...

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Autores principales: Benigno, Gianluca, Chen, Huigang, Rebucci, Alessandro, Young, Eric R.
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3880
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