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dc.contributor.authorHristov, Nikolayen
dc.contributor.authorHülsewig, Oliveren
dc.contributor.authorWollmershäuser, Timoen
dc.date.accessioned2011-05-25-
dc.date.accessioned2011-06-29T11:21:05Z-
dc.date.available2011-06-29T11:21:05Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3395en
dc.subject.jelC33en
dc.subject.jelE32en
dc.subject.jelE51en
dc.subject.ddc330en
dc.subject.keywordEuro Areaen
dc.subject.keywordpanel vector autoregressive modelen
dc.subject.keywordsign restrictionsen
dc.subject.keywordloan supply shocksen
dc.subject.stwFinanzmarktkriseen
dc.subject.stwKreditrationierungen
dc.subject.stwSchocken
dc.subject.stwMakroökonomischer Einflussen
dc.subject.stwWirtschaftskriseen
dc.subject.stwPanelen
dc.subject.stwVAR-Modellen
dc.subject.stwSchätzungen
dc.subject.stwEurozoneen
dc.titleLoan supply shocks during the financial crisis: Evidence for the Euro Area-
dc.typeWorking Paperen
dc.identifier.ppn660155141en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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