Riding the wave of credit: Are longer expansions really a bad omen?

Detalhes bibliográficos
Autor(a) principal: Castro, Vitor
Data de Publicação: 2020
Outros Autores: Martins, Rodrigo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/1822/66708
Resumo: Some studies argue that credit booms that end up in banking crises are usually longer than those that end without creating havoc. However, they do not test this hypothesis empirically. This paper employs a duration model to assess the relationship between the length of credit booms and their outcome. The empirical analysis shows that credit expansions that end in banking crisis are indeed more prone to last longer than those that end softly. Furthermore, differences in length patterns are found to start in the build-up phase, extending to the unwinding phase of credit cycles.
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spelling Riding the wave of credit: Are longer expansions really a bad omen?Credit BoomsDuration AnalysisBanking CrisisSocial SciencesC41E51Some studies argue that credit booms that end up in banking crises are usually longer than those that end without creating havoc. However, they do not test this hypothesis empirically. This paper employs a duration model to assess the relationship between the length of credit booms and their outcome. The empirical analysis shows that credit expansions that end in banking crisis are indeed more prone to last longer than those that end softly. Furthermore, differences in length patterns are found to start in the build-up phase, extending to the unwinding phase of credit cycles.Fundação para a Ciência e Tecnologia (FCT)SpringerUniversidade do MinhoCastro, VitorMartins, Rodrigo20202020-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/66708engCastro, V., Martins, R. Riding the Wave of Credit: Are Longer Expansions Really a Bad Omen?. Open Econ Rev 31, 729–751 (2020). https://doi.org/10.1007/s11079-019-09570-60923-799210.1007/s11079-019-09570-6https://link.springer.com/article/10.1007/s11079-019-09570-6info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:38:44Zoai:repositorium.sdum.uminho.pt:1822/66708Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:35:15.484700Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Riding the wave of credit: Are longer expansions really a bad omen?
title Riding the wave of credit: Are longer expansions really a bad omen?
spellingShingle Riding the wave of credit: Are longer expansions really a bad omen?
Castro, Vitor
Credit Booms
Duration Analysis
Banking Crisis
Social Sciences
C41
E51
title_short Riding the wave of credit: Are longer expansions really a bad omen?
title_full Riding the wave of credit: Are longer expansions really a bad omen?
title_fullStr Riding the wave of credit: Are longer expansions really a bad omen?
title_full_unstemmed Riding the wave of credit: Are longer expansions really a bad omen?
title_sort Riding the wave of credit: Are longer expansions really a bad omen?
author Castro, Vitor
author_facet Castro, Vitor
Martins, Rodrigo
author_role author
author2 Martins, Rodrigo
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Castro, Vitor
Martins, Rodrigo
dc.subject.por.fl_str_mv Credit Booms
Duration Analysis
Banking Crisis
Social Sciences
C41
E51
topic Credit Booms
Duration Analysis
Banking Crisis
Social Sciences
C41
E51
description Some studies argue that credit booms that end up in banking crises are usually longer than those that end without creating havoc. However, they do not test this hypothesis empirically. This paper employs a duration model to assess the relationship between the length of credit booms and their outcome. The empirical analysis shows that credit expansions that end in banking crisis are indeed more prone to last longer than those that end softly. Furthermore, differences in length patterns are found to start in the build-up phase, extending to the unwinding phase of credit cycles.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/66708
url http://hdl.handle.net/1822/66708
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Castro, V., Martins, R. Riding the Wave of Credit: Are Longer Expansions Really a Bad Omen?. Open Econ Rev 31, 729–751 (2020). https://doi.org/10.1007/s11079-019-09570-6
0923-7992
10.1007/s11079-019-09570-6
https://link.springer.com/article/10.1007/s11079-019-09570-6
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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