Published on Thursday, December 7, 2017 | Updated on Thursday, December 7, 2017
Deleveraging after the burst of a credit-bubble
Summary
We present the results of an empirical exercise in which we seek to explain the deleveraging process that follows the burst of a credit bubble following a systemic banking crisis. We have built up two new databases and have estimated a SUR regression model to jointly explain and predict how strong and how fast private leverage falls after the burst of a credit-bubble.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Country Risk
- Banks
- Macroeconomic Analysis
- Financial Markets
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Authors
RM
Rodolfo Méndez-Marcano
AS
Akshaya Sharma
AU
Alfonso Ugarte
BBVA Research - Principal Economist