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Publication Detail
PN 1999-08: Credit Crunch! Credit Crunch! Credit Crunch?

Utilizing macro and micro data, this issue verifies the validity of the claim that there has been a credit crunch since the onset of Asian financial crisis. Results do not lend credence to the hypothesis. Instead, the observed slowdown in the credit market is a reflection of the economic downturn.

Philippine Institute for Development Studies
Authors Keywords
Lamberte, Mario B.; Asian financial crisis; financial market; money and banking; credit program; credit market; credit access;
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Published in 1999 and available in the PIDS Library or can be downloaded as full text Downloaded 1,053 times since November 25, 2011