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Title:Credit Crunch in Germany? PDF Logo
Authors:Nehls, Hiltrud
Schmidt, Torsten
Issue Date:2003
Series/Report no.:RWI Discussion Papers 6
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 Großbanken (big banks)and other credit institutions separately,shows that the situation in the former is more severe than in the latter.
JEL:G21
E51
C32
Document Type:Working Paper
Appears in Collections:RWI Discussion Papers
Publikationen von Forscherinnen und Forschern des RWI

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