Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46546
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dc.contributor.authorHristov, Nikolayen_US
dc.contributor.authorHülsewig, Oliveren_US
dc.contributor.authorWollmershäuser, Timoen_US
dc.date.accessioned2011-05-25en_US
dc.date.accessioned2011-06-29T11:21:05Z-
dc.date.available2011-06-29T11:21:05Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/46546-
dc.description.abstractThis 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_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper: Monetary Policy and International Finance |x3395en_US
dc.subject.jelC33en_US
dc.subject.jelE32en_US
dc.subject.jelE51en_US
dc.subject.ddc330en_US
dc.subject.keywordEuro Areaen_US
dc.subject.keywordpanel vector autoregressive modelen_US
dc.subject.keywordsign restrictionsen_US
dc.subject.keywordloan supply shocksen_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwKreditrationierungen_US
dc.subject.stwSchocken_US
dc.subject.stwMakroökonomischer Einflussen_US
dc.subject.stwWirtschaftskriseen_US
dc.subject.stwPanelen_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEurozoneen_US
dc.titleLoan supply shocks during the financial crisis: Evidence for the Euro Areaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn660155141en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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