Less Developed Country Business Cycles
Less developed countries (LDCs) have experienced considerable business cycles in recent decades. This coincides with significant increases in their external debt to GDP ratios. Recent theoretical credit cycles literature suggests that indebtedness, and the resulting liquidity constraints, could expl...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2002
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/692 https://ink.library.smu.edu.sg/context/soe_research/article/1691/viewcontent/LDCCycles.pdf |
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| Institution: | Singapore Management University |
| Language: | English |