Credit Growth and Economic Recovery in Europe after the Global Financial Crisis

Antoshin, Sergei; Arena, Marco; Gueorguiev, Nikolay; Lybek, Tonny; Ralyea, John; Yehoue, Étienne B.

doi:10.2139/ssrn.3104509

Cited by 4 publications

(2 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The scale of financial distress prior to 2012 inevitably had consequences for the recovery period in the euro area and the EU more generally thereafter. As noted inAntoshin et al (2017), bank lending in Europe after the financial crisis has been subdued, and they contend that much of the economic recovery experienced by European countries after 2012 were "credit-less" in nature.4…”

mentioning

confidence: 99%

Labour Market Fluctuations and the Housing Net Worth Channel in the EU

Cronin

McQuinn

2022

De Economist

View full text Add to dashboard Cite

The credit-driven housing net worth channel has been identified as a determinant of the sharp drop in US employment between 2007 and 2009. We examine the impact of this channel on the labour market in Europe using panel data for 20 countries covering the period 1996 to 2017. This period saw substantial changes in both credit provision and labour market performance in the EU. While some of our results are similar to those found in analysis of the US labour market, there are also important differences. For the full panel, we find changes in housing net worth having a significant effect on total employment and its non-traded and traded sector components, with a larger effect in the non-traded sector. Further estimations show that these significant effects on employment pertain to the post-2007 era when credit conditions were considerably more restrictive. In contrast to the US evidence, we find significant wage responses to housing net worth shocks arising in the EU.

show abstract

mentioning

confidence: 99%

Labour Market Fluctuations and the Housing Net Worth Channel in the EU

Cronin

McQuinn

2022

De Economist

View full text Add to dashboard Cite

show abstract

“…Research has revealed that an increase in domestic credit allocated to the private sector is correlated with a favourable effect on economic growth. Antoshin et al (2017) conducted a study that analysed a sample of 55 countries. The researchers utilised system GMM estimation to explore the correlation between the inflow of bank credit to the private sector and its influence on economic growth.…”

Section: 1mentioning

confidence: 99%

Does Financial Development in Relation to Remittances influence Economic Growth in Sub-Saharan Africa?

Manu,

Arhenful,

Owusu-Mensah

2023

Advances in Management and Applied Economics

View full text Add to dashboard Cite

This study investigates the influence of financial development on the relationship between remittances and economic growth within the Sub-Saharan Africa region. The study utilised panel data encompassing 42 countries, spanning the time frame 1980 to 2021. The research employed a cross-sectional augmented panel unit root test, as well as the Im-Pesaran-Shin unit-root test, to conduct the unit root analysis. The regression estimations employed the Pooled Mean Group and Mean Group/ARDL methodologies. The research findings demonstrate a significant association between the development of financial systems and sustained economic growth over an extended period. The findings from the empirical analysis indicate that there exists a substitutive relationship between financial development and the association between remittances and economic growth. The study proposes that it would be advantageous for financial policies in the Sub-Saharan Africa (SSA) region to give priority to the implementation of efficient financial reforms with the goal of improving the overall depth of the financial sector. Keywords: Remittances, Financial development, ARDL, Economic growth, Sub-Saharan Africa.

show abstract

Economic Growth Through Financial Development: Empirical Evidences from New Member States and Western Balkan Countries

Hysa,

Rehman

2023

Springer Proceedings in Business and Economics

View full text Add to dashboard Cite

Credit Growth and Economic Recovery in Europe after the Global Financial Crisis

Cited by 4 publications

References 0 publications

Labour Market Fluctuations and the Housing Net Worth Channel in the EU

Labour Market Fluctuations and the Housing Net Worth Channel in the EU

Does Financial Development in Relation to Remittances influence Economic Growth in Sub-Saharan Africa?

Economic Growth Through Financial Development: Empirical Evidences from New Member States and Western Balkan Countries

Contact Info

Product

Resources

About