Business Cycle in Czechoslovakia Under Central Planning : Were Credit Shocks Causing it? /
This paper examines credit origins of the business cycle in the former Czechoslovakia. Industrial production is found to be cointegrated with various measures of bank credit during 1976-90 and it is shown that noninvestment credits are Granger-causing industrial production and that a feedback relati...
| Main Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1996.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1996/129 |
| Online Access: | Full text available on IMF |