Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - CESifo - 2011
banks during the slump of the real economy that followed the financial crisis. In particular, we seek to quantify the … significantly contributed to the evolution of the loan volume and real GDP growth in all member countries during the financial … crisis. However, concerning both, the timing and the magnitude of the shocks our results also indicate that the Euro Area was …