Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/46546
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Hristov, Nikolay | en |
dc.contributor.author | Hülsewig, Oliver | en |
dc.contributor.author | Wollmershäuser, Timo | en |
dc.date.accessioned | 2011-05-25 | - |
dc.date.accessioned | 2011-06-29T11:21:05Z | - |
dc.date.available | 2011-06-29T11:21:05Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/46546 | - |
dc.description.abstract | This paper employs a panel vector autoregressive model for the member countries of the Euro Area to explore the role of banks during the slump of the real economy that followed the financial crisis. In particular, we seek to quantify the macroeconomic effects of adverse loan supply shocks, which are identified using sign restrictions. We find that loan supply shocks significantly contributed to the evolution of the loan volume and real GDP growth in all member countries during the financial crisis. However, concerning both, the timing and the magnitude of the shocks our results also indicate that the Euro Area was characterized by a considerable degree of cross-country heterogeneity. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x3395 | en |
dc.subject.jel | C33 | en |
dc.subject.jel | E32 | en |
dc.subject.jel | E51 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Euro Area | en |
dc.subject.keyword | panel vector autoregressive model | en |
dc.subject.keyword | sign restrictions | en |
dc.subject.keyword | loan supply shocks | en |
dc.subject.stw | Finanzmarktkrise | en |
dc.subject.stw | Kreditrationierung | en |
dc.subject.stw | Schock | en |
dc.subject.stw | Makroökonomischer Einfluss | en |
dc.subject.stw | Wirtschaftskrise | en |
dc.subject.stw | Panel | en |
dc.subject.stw | VAR-Modell | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Eurozone | en |
dc.title | Loan supply shocks during the financial crisis: Evidence for the Euro Area | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 660155141 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.