{"product_id":"rapid-credit-growth-in-azerbaijan-convergence-or-boom-macroeconomic-implications-of-fast-credit-expansion-von-rashad-karimov","title":"Rapid Credit Growth in Azerbaijan: Convergence or Boom? Macroeconomic Implications of Fast Credit Expansion","description":"\u003cp\u003eMaster's Thesis from the year 2010 in the subject Economics - Macro-economics, general, grade: A-, Central European University Budapest, language: English, abstract: This thesis investigates a credit boom in Azerbaijan in 2008 year. I also employ VECM to my model to figure out long-run and short-run dynamics and equilibrium level of credit. This paper also studies macroeconomic implications of high credit expansion. The study shows that credit boom creates non-trivial risk for macro aggregates and is followed by financial crisis in the economy.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783640678105\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783640678105","offer_id":39441876222045,"sku":"9783640678105","price":27.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/ed4ba5d8-da8c-4ec6-91c3-29141bcc3ccc.jpg?v=1777695443","url":"https:\/\/shop.autorenwelt.de\/products\/rapid-credit-growth-in-azerbaijan-convergence-or-boom-macroeconomic-implications-of-fast-credit-expansion-von-rashad-karimov","provider":"Autorenwelt Shop","version":"1.0","type":"link"}