| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 964097 | Journal of International Financial Markets, Institutions and Money | 2012 | 17 Pages |
Abstract
⺠This paper analyzes the impact of loan supply on personal income growth in the euro area. ⺠Supplied bank loans are found to be a significant determinant of output growth in the euro area. ⺠The results therefore support the credit view in the euro area, in contrast to the US. ⺠A second result is that bank lending reacts to money demand shocks. ⺠Bank regulations may be a source of shocks as important as changes of the key interest rates.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ulrike Rondorf,