Borradores de Economia
Número:
843
Publicado:
Clasificación JEL:
E32, E44, C38
Palabras clave:
Frequency Domain, Granger Causality, Hierarchical Clustering, Credit and Out- put Cycle Interdependence
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The history of economic recessions has shown that every deep downturn has been accompanied by disruptions in the financial sector. Paradoxically, up until the financial world crisis of 2007-2009, little attention was given to macroeconomic and financial i