Publicação
The collapse of credit booms: a competing risks analysis
| Resumo: | This paper analyses the collapse of credit booms by using a discrete-time competing risks duration model to disentangle the factors behind the length of benign and harmful credit booms. The results show that economic growth and monetary authorities play the major role in explaining the differences in the length and outcome of credit booms. Moreover, both types of credit expansions display positive duration dependence, i.e. both are more likely to end as they grow older, but hard landing credit booms have proven to be longer than those that land softly. |
|---|---|
| Autores principais: | Castro, Vítor |
| Outros Autores: | Martins, Rodrigo |
| Assunto: | Credit booms Duration analysis Competing risks model Multinomial logit Central Bank independence |
| Ano: | 2020 |
| País: | Portugal |
| Tipo de documento: | artigo |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade do Minho |
| Idioma: | inglês |
| Origem: | RepositóriUM - Universidade do Minho |
| _version_ | 1866877930803560448 |
|---|---|
| author | Castro, Vítor |
| author2 | Martins, Rodrigo |
| author2_role | author |
| author_facet | Castro, Vítor Martins, Rodrigo |
| author_role | author |
| contributor_name_str_mv | Universidade do Minho |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Castro, Vítor\"},{\"Person.name\":\"Martins, Rodrigo\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Universidade do Minho |
| datacite.creators.creator.creatorName.fl_str_mv | Castro, Vítor Martins, Rodrigo |
| datacite.date.Accepted.fl_str_mv | 2020-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2023-01-01T07:01:06Z |
| datacite.date.embargoed.fl_str_mv | 2023-01-01T07:01:06Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Credit booms Duration analysis Competing risks model Multinomial logit Central Bank independence |
| datacite.titles.title.fl_str_mv | The collapse of credit booms: a competing risks analysis |
| dc.contributor.none.fl_str_mv | Universidade do Minho |
| dc.creator.none.fl_str_mv | Castro, Vítor Martins, Rodrigo |
| dc.date.Accepted.fl_str_mv | 2020-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2023-01-01T07:01:06Z |
| dc.date.embargoed.fl_str_mv | 2023-01-01T07:01:06Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | https://hdl.handle.net/1822/66773 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | Emerald |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Credit booms Duration analysis Competing risks model Multinomial logit Central Bank independence |
| dc.title.fl_str_mv | The collapse of credit booms: a competing risks analysis |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_6501 |
| description | This paper analyses the collapse of credit booms by using a discrete-time competing risks duration model to disentangle the factors behind the length of benign and harmful credit booms. The results show that economic growth and monetary authorities play the major role in explaining the differences in the length and outcome of credit booms. Moreover, both types of credit expansions display positive duration dependence, i.e. both are more likely to end as they grow older, but hard landing credit booms have proven to be longer than those that land softly. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | article |
| fulltext.url.fl_str_mv | https://prod-dspace.uminho.pt/bitstreams/129af559-6a9d-4411-bb39-ad6eb65d52da/download |
| id | rum_ca99d5ef68dfc4ce834591bcadc25847 |
| identifier.url.fl_str_mv | https://hdl.handle.net/1822/66773 |
| instacron_str | repositorium |
| institution | Universidade do Minho |
| instname_str | Universidade do Minho |
| language | eng |
| network_acronym_str | rum |
| network_name_str | RepositóriUM - Universidade do Minho |
| oai_identifier_str | oai:repositorium.uminho.pt:1822/66773 |
| organization_str_mv | urn:organizationAcronym:repositorium |
| person_str_mv | Castro, Vítor Martins, Rodrigo |
| publishDate | 2020 |
| publisher.none.fl_str_mv | Emerald |
| reponame_str | RepositóriUM - Universidade do Minho |
| repository_id_str | urn:repositoryAcronym:rum |
| service_str_mv | urn:repositoryAcronym:rum |
| spelling | engEmeraldengThis paper analyses the collapse of credit booms by using a discrete-time competing risks duration model to disentangle the factors behind the length of benign and harmful credit booms. The results show that economic growth and monetary authorities play the major role in explaining the differences in the length and outcome of credit booms. Moreover, both types of credit expansions display positive duration dependence, i.e. both are more likely to end as they grow older, but hard landing credit booms have proven to be longer than those that land softly.application/pdfporThe collapse of credit booms: a competing risks analysisCastro, VítorMartins, RodrigoHostingInstitutionOrganizationalUniversidade do Minhoe-mailmailto:repositorium@usdb.uminho.ptrepositorium@usdb.uminho.ptDOIIsPartOf10.1108/JES-04-2019-01962023-01-01T07:01:06Z20202020-01-01T00:00:00ZHandlehttps://hdl.handle.net/1822/66773http://purl.org/coar/access_right/c_abf2open accessCredit boomsDuration analysisCompeting risks modelMultinomial logitCentral Bank independence891985 bytesliteraturehttp://purl.org/coar/resource_type/c_6501journal articlehttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://prod-dspace.uminho.pt/bitstreams/129af559-6a9d-4411-bb39-ad6eb65d52da/download |
| spellingShingle | The collapse of credit booms: a competing risks analysis Castro, Vítor Credit booms Duration analysis Competing risks model Multinomial logit Central Bank independence |
| status | SINGLETON |
| subject.fl_str_mv | Credit booms Duration analysis Competing risks model Multinomial logit Central Bank independence |
| title | The collapse of credit booms: a competing risks analysis |
| title_full | The collapse of credit booms: a competing risks analysis |
| title_fullStr | The collapse of credit booms: a competing risks analysis |
| title_full_unstemmed | The collapse of credit booms: a competing risks analysis |
| title_short | The collapse of credit booms: a competing risks analysis |
| title_sort | The collapse of credit booms: a competing risks analysis |
| topic | Credit booms Duration analysis Competing risks model Multinomial logit Central Bank independence |
| topic_facet | Credit booms Duration analysis Competing risks model Multinomial logit Central Bank independence |
| url | https://hdl.handle.net/1822/66773 |
| visible | 1 |