Business Cycle in Czechoslovakia Under Central Planning : Were Credit Shocks Causing it? /

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...

書誌詳細
第一著者:	Bulir, Ales
フォーマット:	雑誌
言語:	English
出版事項:	Washington, D.C. : International Monetary Fund, 1996.
シリーズ:	IMF Working Papers; Working Paper ; No. 1996/129
オンライン･アクセス:	Full text available on IMF

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