documents a growing role of non-bank financial intermediaries in the provision of credit to NFCs. After exploring supply and … reallocation of credit to other sectors or assets. This could generate greater systemic risk through unsustainable valuations or …

The recent crisis in financial markets has made clear how closely real estate financing and the property and financial … markets are linked. However, the crisis also shows that the property markets in the various national economies react very … relatively high down payments are particularly effective in reducing credit risks. Paradoxically, the newly agreed regulations …

credit growth does not return. …- Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit … does not return to the pre-crisis level for three years after the GDP trough, are not rare and are characterised by …

Latin America has been strongly affected by the international crisis and recession since late 2008. In comparison to … historical experience, how has Latin America coped with the global crisis, which has been the role of different transmission … questions in three steps. First, by assessing empirically the sensitivity of growth in the region's seven major economies during …

The weakness of credit growth in the United States and Europe has given rise to concerns that the financial crisis has … inappropriate bank capitalization may restrain credit growth and threaten the current recovery, especially in Germany where core … undercapitalization of banks from becoming a serious limitation to credit growth. …

, especially in view of post-crisis growth challenges. The fi-nancial crisis 2008-2011 adversely affected manufacturing industry … recent crisis using some stylised facts on changing output and employment struc-tures at detailed sectoral level. Focusing … differentiated impact of the recent crisis on struc-tural shifts in their economy. We start with stylised facts related to output and …

This paper analyses the extent and impact of structural changes on aggregate economic growth that occurred in European … evaluate the impact of broader sectoral shifts on GDP growth, focusing on the period 1995-2011. A decomposition of aggregate … GDP/GVA growth using the shift and share analysis shows a distinct North-South pattern of growth and restructuring while …

In the wake of the crisis, the capacity of many banks to lend to relatively high-risk sectors such as SMEs and young … alternatives for firms, the further development of securitisation, wider use of credit guarantee schemes and actions to address …

discusses the importance of credit developments for both the economy and the functioning of monetary policy, and further … survey for the euro area lies in particular in the way it provides greater insight into developments in credit standards, non …-interest rate credit conditions and terms, the risk perception of banks and the willingness of banks to lend. Credit standards are …