Creditless Recoveries

Creditless Recoveries
Recoveries that occur in the absence of credit growth are often dubbed miracles and named after mythical creatures. Yet these are not rare animals, and are not always miracles. About one out of five recoveries is "creditless", and average growth during these episodes is about a third lower than during "normal" recoveries. Aggregate and sectoral READ MORE...

Publication date: March 2011
ISBN 9781455221028
$18.00

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