Antonakakis, Nikolaos; Breitenlechner, Max; Scharler, Johann - Institut für Finanzwissenschaft, Fakultät für … - 2014
shorty before and on the onset of the global financial crisis, the link between credit growth and GDP growth becomes more … pronounced. In particular, the financial sector plays a dominant role during the early stages of the crisis, while the real … global financial crisis. Overall, our results suggest feedback effects between the financial and the real sectors that create …