Thursday, August 25, 2016

Bezemer and Hudson, Quotable & Relevant


From Finance is Not the Economy by Dirk Bezemer and Michael Hudson:
Mathias Drehman and Mikael Juselius (2015) report that debt-service ratios are an accurate early warning signal of impending systemic banking crises, and strongly related to the size of the subsequent output losses.

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1 comment:

  1. The ArthurianAugust 25, 2016 at 11:12 AM

    And I have been saying that debt-service ratios also happen to be an accurate early warning signal of economic improvement.

    ReplyDelete

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