Abstract
There is a growing literature on the international transmission of US credit-supply shocks. In this paper, we identify changes in the US credit supply with the methodology proposed by López-Salido et al. (2017). Empirically, we find robust evidence suggesting that US credit-supply shocks influence real activities in economies that are more economically or geographically integrated with the US.
Original language | English (US) |
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Pages (from-to) | 75-78 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 157 |
DOIs | |
State | Published - Aug 2017 |
Keywords
- Global business cycles
- U.S. credit-market sentiment
ASJC Scopus subject areas
- Finance
- Economics and Econometrics