Financial Conditions and Growth at Risk in the ECCU

Nopic
We study the growth determinants in the Eastern Caribbean Currency Union (ECCU), using the Growth at Risk (GaR) framework with a focus on financial variables. We find that excessive bank credit growth is associated with lower future real GDP growth in the medium term especially on the low quantiles of growth distribution. Moreover, worsening of... READ MORE...

Publication date: November 2019
ISBN 9781513513294
$18.00

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