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Mikrokredite für Existenzgründer und Kleinstbetriebe
Europäische Kommission / Generaldirektion Unternehmen - 2003
Persistent link: https://www.econbiz.de/10009637562
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Mikrokredite für europäische Kleinunternehmen : Arbeitsdokument der Kommissionsdienststellen
Europäische Kommission - 2004
Persistent link: https://www.econbiz.de/10009637583
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Gaining scale in microcredit : can banks make it happen? ; a report on two workshops organised by the Directorate-General for Enterprise and Industry
Europäische Kommission / Generaldirektion Unternehmen … - 2010
Persistent link: https://www.econbiz.de/10009640216
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empirical evidence for credit and output growth
Bondt, Gabe de; Maddaloni, Angela; Peydró, José-Luis; … - 2010
This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings … also suggest that price as well as non-price conditions and terms of credit standards do matter for credit and business …
Persistent link: https://www.econbiz.de/10009640399
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Determinants of credit-less recoveries
Bijsterbosch, Martin; Dahlhaus, Tatjana - 2011
This paper aims to shed light on the characteristics and particularly the determinants of credit-less recoveries. After … building a dataset and documenting some stylised facts of credit-less recoveries in emerging market economies, this paper uses … panel probit models to analyse key determinants of credit-less recoveries. Our main findings are the following. First, our …
Persistent link: https://www.econbiz.de/10009640847
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Aggregation-theoretic monetary aggregation over the euro area, when countries are heterogeneous
Barnett, William A. - 2003
We derive fundamental new theory for measuring monetary service flows aggregated over countries within the European Monetary Union (EMU). We develop three increasingly restrictive approaches: (1) the heterogeneous agents approach, (2) the multilateral representative agent approach, and (3) the...
Persistent link: https://www.econbiz.de/10009635917
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Predicting recession probabilities with financial variables over multiple horizons
Fornari, Fabio; Lemke, Wolfgang - 2010
We forecast recession probabilities for the United States, Germany and Japan. The predictions are based on the widely-used probit approach, but the dynamics of regressors are endogenized using a VAR. The combined model is called a ‘ProbVAR’. At any point in time, the ProbVAR allows to...
Persistent link: https://www.econbiz.de/10009640285
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Forecasting with DSGE models
Christoffel, Kai; Coenen, Günter; Warne, Anders - 2010
In this paper we review the methodology of forecasting with log-linearised DSGE models using Bayesian methods. We focus on the estimation of their predictive distributions, with special attention being paid to the mean and the covariance matrix of h-step ahead forecasts. In the empirical...
Persistent link: https://www.econbiz.de/10009640356
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US, Japan and the euro area
McAdam, Peter - 2003
There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...
Persistent link: https://www.econbiz.de/10009635889
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A monthly monetary model with banking intermediation for the euro area
Bruggeman, Annick; Donnay, Marie - 2003
This monthly monetary model for the euro area is gradually constructed from its two constituting components: a money demand and a loan demand model which both include the relation between the respective retail bank rates and the short-term market interest rate. Eventually, the encompassing...
Persistent link: https://www.econbiz.de/10009635913