Koopman, Siem Jan; Kräussl, Roman; Lucas, André; … - Center for Financial Studies - 2007
the credit cycle from the micro rating data. We relate this cycle to the business cycle, bank lending conditions, and … cycle to the business cycle, bank lending conditions, and
financial market variables. In line with earlier studies, these …. We
condition the credit cycle on a number of macro economic fundamentals, reflecting the state
of the business cycle …