Este trabajo presenta un modelo univariado de cambios de régimen para analizar el comportamiento del ciclo económico en la República Dominicana, detectando cambios en la media de crecimiento e identificando diferencias entre contracciones y expansiones con respecto a su persistencia y...

Credit is key to support healthy and sustainable economic growth but excess aggregate credit growth can signal the build-up of imbalances and lead to systemic financial crisis. Hence, monitoring the credit cycle is key to identifying vulnerabilities, particularly in emerging markets, which tend...