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- W174632341 abstract "In the last quarter of 2008, Chile began to experience relatively mild shocks to external financial conditions and minor tensions in bank funding conditions. However, economic activity was under stress, with large negative shocks to external demand and expectations regarding future output, together with rising uncertainty regarding future growth. This shift in perceptions generated a simultaneous shock to the supply of and demand for credit by firms and households. The result was a large reduction in domestic spending, particularly in inventories, and a significant slowdown in net credit flows. The latter was not restricted to bank lending – it also affected net flows of non-bank credit to households." @default.
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- W174632341 date "2011-01-01" @default.
- W174632341 modified "2023-09-27" @default.
- W174632341 title "The evolution of credit in Chile" @default.
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