Series: IMF Working Papers
Author(s): Selim Elekdag , and Yiqun Wu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2011
Keywords: boom-bust cycles, emerging Asia, capital inflows, credit boom, current account deficits, Financial Markets and the Macroeconomy, International Finance: General, Economic Growth of Open Economies,
Episodes of rapid credit growth, especially credit booms, tend to end abruptly, typically in the form of financial crises. This paper presents the findings of a comprehensive event study focusing on 99 credit booms...