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Credit Constraint Indicator: German Firms Report No Financing Problems Despite Euro Crisis

Author

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  • Artem Marjenko
  • Stefan Sauer
  • Klaus Wohlrabe

Abstract

In the context of the Ifo Business Survey, the Ifo Institute asks survey participants to provide a monthly assessment of banks’ willingness to extend credit to businesses. Their responses are used to calculate credit constraints for German trade and industry. This calculation gives the percentage of firms that find banks’ credit granting practices restrictive. The article offers an overview of the latest developments and differentiates according to the different sectors of the economy and company size. Credit constraints are also compared with other indicators like the Ifo Business Climate Index.

Suggested Citation

  • Artem Marjenko & Stefan Sauer & Klaus Wohlrabe, 2012. "Credit Constraint Indicator: German Firms Report No Financing Problems Despite Euro Crisis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(19), pages 42-46, October.
    • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:19:p:42-46
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    References listed on IDEAS

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    1. Klaus Abberger & Christa Hainz & André Kunkel, 2009. "Bank lending policies: Why do large firms in particular suffer?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(14), pages 32-34, July.
    2. Horst Rottmann & Timo Wollmershäuser, 2013. "A micro data approach to the identification of credit crunches," Applied Economics, Taylor & Francis Journals, vol. 45(17), pages 2423-2441, June.
    3. Georg Goldrian, 2004. "Handbuch der umfragebasierten Konjunkturforschung," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 15.
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    Cited by:

    1. Stefan Sauer, 2013. "Business Survey in Focus: Special Survey on Sales Constraints in Retailing," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(03), pages 44-45, February.
    2. Artem Marjenko & Stefan Sauer & Klaus Wohlrabe, 2019. "Die neue Kredithürde: Hintergründe und Ergebnisse," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(18), pages 46-48, September.
    3. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88.
    4. Artem Marjenko & Stefan Sauer & Klaus Wohlrabe, 2014. "Credit Constraints: Current Developments and Comparison with Other Finance Market Variables," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(19), pages 34-37, October.

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    More about this item

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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