Credit Growth, Rational Bubbles and Economic Efficiency
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DOI: 10.1057/s41294-018-0054-8
Abstract: Excessive credit growth and the emergence of bubbles increase the likelihood of a systemic crisis. While no causality between credit growth and systemic crises has been empirically established, it seems reasonable to think that excessive… read more here.
Keywords: growth rational; credit; bubbles economic; rational bubbles ... See more keywords