Kok, Christoffer; Marqués-Ibáñez, David; Rossi, Carlotta - European Central Bank - 2009
We model the determinants of loans to non-financial corporations in the euro area. Using the Johansen (1992 …, investment and loan supply equations. The short-run dynamics of loan demand for the euro area are subsequently modelled by means … loans to non-financial corporations in the euro area can be reasonably explained by the model. We then use the estimated …