Giannone, Domenico; Reichlin, Lucrezia; Lenza, Michèle - European Centre for Advanced Research in Economics and … - 2012
This paper uses a data-set including time series data on macroeconomic variables, loans, deposits and interest rates … studies while we uncover new facts on disaggregated loans and deposits. During the crisis the cyclical behavior of short term … interest rates, loans and deposits remain stable but we identify unusual dynamics of longer term loans, deposits and longer …