أعرض تسجيلة المادة بشكل مبسط

dc.creator Frömmel, Michael
dc.creator Schmidt, Torsten
dc.date 2006
dc.date.accessioned 2013-10-16T07:00:42Z
dc.date.available 2013-10-16T07:00:42Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18593
dc.identifier ppn:512766223
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18593
dc.description We examine the dynamics of bank lending to the private sector for countries of the Euro area by applying a Markov switching error correction model.We identify for Belgium, Germany, Ireland and Portugal stable, mean reverting regimes and unstable regimes with no tendency to return to the long term credit demand equation, whereas for some other countries there is only weak evidence. Furthermore, for these as well as for other countries we detect in the less stable regimes a strong co-movement with the development of the stock market. We interpret this as evidence for constraints in bank lending. In contrast, the banks? capital seems to have only marginal impact on the lending behaviour.
dc.language eng
dc.publisher
dc.relation RWI Discussion Papers 42
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C32
dc.subject G21
dc.subject ddc:330
dc.subject Credit demand
dc.subject credit rationing
dc.subject asset prices
dc.subject credit channel
dc.subject Kreditgeschäft
dc.subject Capital Asset Pricing Model
dc.subject Börsenkrise
dc.subject Aktienmarkt
dc.subject Bank
dc.subject Schätzung
dc.subject EU-Staaten
dc.subject Österreich
dc.subject Belgien
dc.subject Finnland
dc.subject Deutschland
dc.subject Frankreich
dc.title Bank lending and asset prices in the Euro area.
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط