Italy after the crisis: a case of recoveryless credit growth
AbstractIn this study I compare the credit condition with the economic growth in Italy from January 2007 onward. Starting from the literature on the creditless recovery, I highlight the specific features of the Italian situation in which, notwithstanding the prolonged and deep economic crisis, the credit has persistently continued to grow. A comparison with the German case confirms the peculiar characteristics of the Italian condition. An econometric study supports this idea and, in order to depict this Italian economic situation, I propose a new expression: the recoveryless credit growth.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 35775.
Date of creation: Jan 2012
Date of revision:
Italy; credit; recovery;
Other versions of this item:
- Antonio FORTE, 2011. "Italy After The Crisis: A Case Of Recoveryless Credit Growth," Theoretical and Practical Research in Economic Fields, ASERS Publishing, ASERS Publishing, vol. 0(2), pages 132-140, December.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-18 (All new papers)
- NEP-FDG-2012-01-18 (Financial Development & Growth)
- NEP-MAC-2012-01-18 (Macroeconomics)
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