Claessens, Stijn; Kose, Ayhan; Terrones, Marco E - C.E.P.R. Discussion Papers - 2011
over the period 1960:1-2007:4. Specifically, we analyze cycles in credit, house prices, and equity prices. We report three …, they are highly synchronized within countries, particularly credit and house price cycles. The extent of synchronization of … financial cycles across countries is high as well, mainly for credit and equity cycles, and has been increasing over time. Third …