Utilize este identificador para referenciar este registo:
https://hdl.handle.net/10316/114661
Título: | Is There a Pervasive World Real Credit Cycle? | Autor: | Castro, Vítor Cerqueira, Pedro A. Martins, Rodrigo |
Palavras-chave: | Real credit cycles; Approximate factor models; Common components; Clusters | Data: | 2023 | Editora: | Springer Nature | Projeto: | UIDB/05037/2020 UID/ECO/03182/2020 |
Título da revista, periódico, livro ou evento: | Open Economies Review | Volume: | 35 | Número: | 1 | Resumo: | This paper analyses the international structure of credit and the potential buildup of a single world cycle using quarterly data for 48 economies between 1985 and 2015. For this analysis, we rely on an approximate factor model and on hard and fuzzy clustering methodologies. The results indicate that, for the whole sample, there are three common components to credit, one of these more pervasive and impacting most countries in the sample, particularly developed ones. One major cluster of countries is identified, but without the presence of both Japan and Germany, thus suggesting that a world real credit cycle is not yet formed. However, we found that the composition of this core cluster has been growing over the years, encompassing more countries and establishing a growing dominance over the credit cycles dynamic, opening the possibility for a single world credit cycle in the future. | URI: | https://hdl.handle.net/10316/114661 | ISSN: | 0923-7992 1573-708X |
DOI: | 10.1007/s11079-023-09719-4 | Direitos: | openAccess |
Aparece nas coleções: | I&D CeBER - Artigos em Revistas Internacionais FEUC- Artigos em Revistas Internacionais |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
---|---|---|---|---|
Is-There-a-Pervasive-World-Real-Credit-CycleOpen-Economies-Review.pdf | 1.21 MB | Adobe PDF | Ver/Abrir |
Visualizações de página
24
Visto em 15/mai/2024
Downloads
13
Visto em 15/mai/2024
Google ScholarTM
Verificar
Altmetric
Altmetric
Este registo está protegido por Licença Creative Commons