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Domestic Credit and Economic Growth across Europe [Creditarea internă şi creşterea economică în Europa]

Author

Listed:
  • Olteanu Dan

    (Academia Română)

Abstract

Following the credit boom which ended with the global crisis, most of the European economies have faced a credit crunch which strongly affected economic growth. In its turn, growth slowdown has hindered credit recovery, generating a vicious circle. This paper explores the causal relationship between domestic credit and domestic product, for a sample of European countries (2004-2013).

Suggested Citation

  • Olteanu Dan, 2014. "Domestic Credit and Economic Growth across Europe [Creditarea internă şi creşterea economică în Europa]," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 03, September.
    • Handle: RePEc:oen:econom:y:2014:i:03:id:392
    as

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    More about this item

    Keywords

    credit; money supply; economic growth;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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