The Great Depression as a credit boom gone wrong

The Great Depression as a credit boom gone wrong

The Great Depression as a credit boom gone wrong

BIS Working Papers | No 137 | 05 September 2003by Barry Eichengreen and Kris MitchenerPDF full text (695kb) | 103 pagesThe experience of the 1990s renewed economists' interest in the role of credit in macroeconomic fluctuations. The locus classicus of the credit-boom view of economic cycles is the expansion of the 1920s and the Great Depression.

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