Sudden Surges and Macroprudential Policies
This paper estimates the unconditional probability of a sudden surge in private credit and investigates the extent to which macroprudential policies impact the duration of the period preceding such a surge. While we observe sudden surges of credit over periods in which macroprudential policies were...
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| Format: | Journal Article |
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Taylor and Francis
2021
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| Online Access: | http://hdl.handle.net/10986/35759 |