Lis, Santiago Fernandez de; Garcia-Herrero, Alicia - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2013)
The global financial storm which started in 2007 and which we are still experiencing is one of the very best examples in recent economic history of how much the financial system can exacerbate real economy cycles. Such pro-cyclicality has triggered a lively debate on which tools can be used to...