Is Credit Easing Viable in Emerging and Developing Economies An Empirical Approach is popular PDF and ePub book, written by Luis I. Jacome H. in 2018-03-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Is Credit Easing Viable in Emerging and Developing Economies An Empirical Approach can be Read Online from any device for your convenience.
Is Credit Easing Viable in Emerging and Developing Economies An Empirical Approach Book PDF Summary
During the global financial crisis, many central banks in advanced economies engaged in credit easing. These policies have been perceived as largely successful in reducing stress in financial markets, thus avoiding larger output losses. In this paper, we study empirically whether credit easing is also a viable policy tool to cope with banking crises in emerging and developing economies. We find that credit easing leads to a sharp increase in domestic currency depreciation, high inflation, and a substantial reduction in economic growth in a large panel of emerging and developing economies. For advanced economies, we find the effects to be benign. Our results suggest that emerging and developing economies should be cautious when using credit easing as it may fuel adverse macroeconomic repercussions.
Detail Book of Is Credit Easing Viable in Emerging and Developing Economies An Empirical Approach PDF
- Author : Luis I. Jacome H.
- Release : 08 March 2018
- Publisher : International Monetary Fund
- ISBN : 9781484346594
- Genre : Business & Economics
- Total Page : 42 pages
- Language : English
- PDF File Size : 7,6 Mb
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