restricted ( 840 obs, 28 countries, longer time series)
• Very simple baseline model...**
9
Highlights – full sample
• Strong evidence against the random walk...
absorption with GDP on the product and income side
Summary (continued)
The model...and during the “sudden stop”
Households
Banking sector
Government
Solution of...
These risks also affect the resilience of a credit
institution’s business model...from less significant institutions:
1) expectations regarding their business...
