de Bandt, Olivier
[VerfasserIn]
;
Bruneau, Catherine
[Sonstige Person, Familie und Körperschaft];
El Amri, Widad
[Sonstige Person, Familie und Körperschaft]
Convergence in Household Credit Demand Across Euro Area Countries
Erschienen in:Banque de France Working Paper ; No. NER-R 158
Umfang:
1 Online-Ressource (40 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1697644
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1, 2006 erstellt
Beschreibung:
The paper contributes to the literature on the convergence of financial systems in the euro area by estimating household credit demand in individual countries. Using the ARDL framework advocated notably by Pesaran et al. (1999), the paper provides evidence on the convergence of long run credit demand determinants (interest rates, investment and house prices) among the largest euro area countries, while short run dynamics remain heterogenous across countries. The paper also demonstrates that the equation uncovers demand rather than supply behaviour