Output collapse in Eastern Europe : the role of credit /
Real bank credit in Eastern European countries after their recent stabilization programs is shown to have fallen sharply, except in the case of Hungary. The meaning of the fall is discussed under the present value and liquidity perspectives. Moreover, it is shown that the hypothesis that output cont...
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.?] :
International Monetary Fund, Research Department,
©1992
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| Series: | IMF working paper ;
WP/92/64 |
| Subjects: |