The recent financial crisis in Europe has been followed by a significant decrease in credit flows to nonfinancial enterprises. This article investigates demand and supply of loans using data from surveys. Our econometric analysis suggests that recent European Central Bank (ECB) policy has favoured the credit market. Although bank credit standards are tighter than usual, the present low-credit growth is more the consequence of a weak demand for loans than a reduced supply from the banking system.

Supply and demand in the European credit market during the recent crisis / Verga, Giovanni; Soana, Maria Gaia. - In: APPLIED FINANCIAL ECONOMICS. - ISSN 1466-4305. - 22, n.16:(2012), pp. 1355-1366.

Supply and demand in the European credit market during the recent crisis

VERGA, Giovanni;SOANA, Maria Gaia
2012-01-01

Abstract

The recent financial crisis in Europe has been followed by a significant decrease in credit flows to nonfinancial enterprises. This article investigates demand and supply of loans using data from surveys. Our econometric analysis suggests that recent European Central Bank (ECB) policy has favoured the credit market. Although bank credit standards are tighter than usual, the present low-credit growth is more the consequence of a weak demand for loans than a reduced supply from the banking system.
Supply and demand in the European credit market during the recent crisis / Verga, Giovanni; Soana, Maria Gaia. - In: APPLIED FINANCIAL ECONOMICS. - ISSN 1466-4305. - 22, n.16:(2012), pp. 1355-1366.
File in questo prodotto:
File Dimensione Formato  
verga_soana_finale_definitivo_stampa.pdf

non disponibili

Tipologia: Documento in Pre-print
Licenza: NON PUBBLICO - Accesso privato/ristretto
Dimensione 1.64 MB
Formato Adobe PDF
1.64 MB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11381/2399016
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 1
  • ???jsp.display-item.citation.isi??? ND
social impact