Bebczuk, Ricardo; Burdisso, Tamara; Carrera, Jorge E.; … - 2011 - This version: May, 2011
The goal of this paper is to provide up-to-date worldwide evidence on the short-term relationship between credit changes and output changes. Standard correlation methods, stateof-the-art panel Granger causality tests, and panel regressions were applied on a maximum sample of 144 countries over...
