Cash flows and credit cycles
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DOI: 10.1016/j.jbankfin.2017.10.013
Abstract: Aggregate productivity falls in recessions and rises in expansions. Several empirical studies suggest that the systematic behavior of lending standards, with laxer (tighter) standards applied during expansions (recessions), is responsible for reverting trends in aggregate… read more here.
Keywords: credit; cash; cash flows; cash flow ... See more keywords