Égert, Balázs; BackÈ, Peter; Zumer, Tina - 2006
.backe@oenb.at
European Central Bank, tina.zumer@ecb.int
The paper is forthcoming in Comparative Economic Studies. The paper bene ted from …, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Ro-
mania, Slovakia and Slovenia.
3 An analogous …
initialundershootingandovershootingofthecredit-to-GDPratio,andexaminestheirconsequences
for econometric testing. Section 4 presents the economic speci cation used …