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1993 Working Papers

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Identifying Credit Crunches
By Stacey L. Schreft & Raymond E. Owens
Working Paper 93-2
Released: March 1993

This article emphasizes the role of nonprice rationing in credit crunches. It proposes a process for identifying credit crunches centered on the political economy of the period under study. The process is applied to the U.S. for the 1960-92 period, and...

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Liquidity Effects and Transactions Technologies
By Peter N. Ireland & Michael Dotsey
Working Paper 93-1
Released: February 1992

>Read More (PDF 2.1MB)

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