@techreport{Nehls2003Credit,
abstract = {This paper evaluates whether the Germany economy is currently affected by a
credit crunch,i.e.a supply-side restriction of loans that is not in line with market interest rates and profitability of investment projects.With help of a disequilibrium-model,we calculate a credit supply and a demand-function.We
compare estimated demand with estimated supply,finding a considerable ex-
cess-demand particularly in the second half of 2002.The main reason for this
restriction is the drop in earnings in the banking sector.Applying the model to
Gro\ss{}banken (big banks)and other credit institutions separately,shows that
the situation in the former is more severe than in the latter.},
author = {Hiltrud Nehls and Torsten Schmidt},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {G21; E51; C32; 330; Kreditrationierung; Kredittheorie; Nicht-Walrasianisches Gleichgewicht; Sch\"{a}tzung; Deutschland},
language = {eng},
number = {6},
title = {Credit Crunch in Germany?},
type = {RWI Discussion Papers},
url = {http://hdl.handle.net/10419/18557},
year = {2003}
}
