| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2828 |
| DP2828 Exclusive Contracts and Market Power: Evidence from Ocean Shipping | |
| Pedro Luis Marín Uribe | |
| 发表日期 | 2001-06-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | Recent theories on the origins of crises put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So, are lending booms dangerous? In this Paper, we investigate this question empirically using a broad sample of lending boom episodes over 40 years, with a special eye on Latin America. Our results indicate that: (1) lending booms are often associated with (i) a domestic investment boom, (ii) an increase in domestic interest rates, (iii) a worsening of the current account, (iv) a decline in reserves, (v) a real appreciation, and (vi) a decline in output growth; (2) lending booms typically do not substantially increase the vulnerability of the banking sector or the balance of payments. On comparing Latin America and the rest of the world, we find that Latin American lending booms make the economy considerably more volatile and vulnerable to financial and balance-of-payment crises than is the case in other regions. |
| 主题 | International Macroeconomics |
| 关键词 | Balance-of-payment crises Banking crisis Credit boom Lending boom Macroeconomic performance Latin america |
| URL | https://cepr.org/publications/dp2828 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531875 |
| 推荐引用方式 GB/T 7714 | Pedro Luis Marín Uribe. DP2828 Exclusive Contracts and Market Power: Evidence from Ocean Shipping. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Pedro Luis Marín Uribe]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Pedro Luis Marín Uribe]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Pedro Luis Marín Uribe]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
