Date Published:
Jun 01, 1999
Category:
Policy Notes
Focus Area(s):
Author(s):
Code:
PN 1999-08

Utilizing macro and micro data, this issue verifies the validity of the claim that there has been a credit crunch since the onset of Asian financial crisis. Results do not lend credence to the hypothesis. Instead, the observed slowdown in the credit market is a reflection of the economic downturn.



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