Output Collapse in Eastern Europe : The Role of Credit /

Real bank credit in Eastern European countries after their recent stabilization programs is shown to have fallen sharply, except in the case of Hungary. The meaning of the fall is discussed under the present value and liquidity perspectives. Moreover, it is shown that the hypothesis that output cont...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Calvo, Guillermo
Muut tekijät: Coricelli, Fabrizio
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 1992.
Sarja:IMF Working Papers; Working Paper ; No. 1992/064
Linkit:Full text available on IMF