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regime dependent two-pillar Phillips curve for the euro area, in which lagged credit growth determines the transition …
Persistent link: https://www.econbiz.de/10010493611
Persistent link: https://www.econbiz.de/10012627395
measures that aim to avoid credit overexpansion are two policies that can improve the links of private debt with labour income …
Persistent link: https://www.econbiz.de/10012421215
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leverage on GDP, credit and the interest rate spread. Increasing capital requirements for banks should therefore have no strong …
Persistent link: https://www.econbiz.de/10011667888
As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks’ balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks’ balance sheets,...
Persistent link: https://www.econbiz.de/10012009071
total credit share in the GDP. Previous empirical studies show to be sensitive to the choice of the finance proxy indicator …. Total credit share in the GDP appears biased in empirical modeling. Credit structure (loans to firms and households) prove … to be more robust when used in the modeling. Credit structure reveals a different impact on economic growth showing …
Persistent link: https://www.econbiz.de/10012175688
use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … between gambling and the use of credit is remarkably stable across household income. In addition to our household level …
Persistent link: https://www.econbiz.de/10010271301
Banks entering an emerging market face a lot of uncertainty about the risks involved in lending. We use a unique unbalanced panel of nearly 700 short-term loans made to SMEs in Slovakia between January 2000 and June 2005. Of the loans granted, on average 6.0 per cent of the firms defaulted....
Persistent link: https://www.econbiz.de/10010427499