Title Business cycle in Czechoslovakia under central planning : Were credit shocks causing it? / prepared by Aleš Buliř

Published [Washington, D.C.] : International Monetary Fund, African Dept., ©1996

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Description 1 online resource (iii, 19 pages) : illustrations Series IMF working paper ; WP/96/129 IMF working paper ; WP/96/129. Summary Annotation This paper examines credit origins of the business cycle in the former Czechoslovakia. Industrial production is found to be cointegrated with various measures of bank credit during 1976-90 and it is shown that noninvestment credits are Granger-causing industrial production and that a feedback relation exists between investment credits and industrial production. Although the potency of credit supply shocks to industrial production has been changing, production decline (growth) seems to follow credit tightening (loosening). However, the paper confirms that credit shocks were only a minor part of the output decline in 1989-90 Bibliography Includes bibliographical references (pages 17-19) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Credit -- Czechoslovakia Industries -- Czechoslovakia Business cycles -- Czechoslovakia Central planning -- Czechoslovakia Business cycles. Central planning. Credit. Industries. BUSINESS CYCLES. CREDIT POLICY. CZECHOSLOVAKIA. Czechoslovakia. Form Electronic book Author International Monetary Fund. African Department, issuing body. ISBN 1455209066 9781455209064 1462374123 9781462374120

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