Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/66773

TitleThe collapse of credit booms: A competing risks analysis
Author(s)Castro, Vítor
Martins, Rodrigo
KeywordsCredit booms
Duration analysis
Competing risks model
Multinomial logit
Central Bank independence
Issue date2020
PublisherEmerald
JournalJournal of Economic Studies
CitationVitor Castro, Rodrigo Martins, The collapse of credit booms: A competing risks analysis, Journal of Economic Studies. DOI: 10.1108/JES-04-2019-0196
Abstract(s)This paper analyses the collapse of credit booms by using a discrete-time competing risks duration model to disentangle the factors behind the length of benign and harmful credit booms. The results show that economic growth and monetary authorities play the major role in explaining the differences in the length and outcome of credit booms. Moreover, both types of credit expansions display positive duration dependence, i.e. both are more likely to end as they grow older, but hard landing credit booms have proven to be longer than those that land softly.
TypeArticle
URIhttp://hdl.handle.net/1822/66773
DOI10.1108/JES-04-2019-0196
Publisher versionhttps://www.emerald.com/insight/content/doi/10.1108/JES-04-2019-0196
Peer-Reviewedyes
AccessEmbargoed access (2 Years)
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

Files in This Item:
File Description SizeFormat 
VC_RM_JES.pdf
  Until 2023-01-01
The collapse of credit booms: A competing risks analysis871,08 kBAdobe PDFView/Open

Partilhe no FacebookPartilhe no TwitterPartilhe no DeliciousPartilhe no LinkedInPartilhe no DiggAdicionar ao Google BookmarksPartilhe no MySpacePartilhe no Orkut
Exporte no formato BibTex mendeley Exporte no formato Endnote Adicione ao seu ORCID