Analysis of bank lending surveys in the USA and Europe and their predictive power in credit creation and subsequent GDP growth is examined. OLS as well as vector autoregression models are applied. Results indicate that lending surveys in Europe are better predictors of credit in the economy and...

In order to analyze current state of events in the world economy, parallel analysis with the country that has gone through boom cycle in real estate and financial asset prices (as US did during the last decade) and sudden consequential bust in mid 70s and late 80s (USA 2007), namely Japan, is...

In order to analyze current state of events in the world economy, parallel analysis with the country that has gone through boom cycle in real estate and financial asset prices (as US did during the last decade) and sudden consequential bust in mid 70s and late 80s (USA 2007), namely Japan, is...