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Uncertainty and Demand for Business Loans: A Study of Selected Countries in the Euro Area

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  • Silvo Dajcman

Abstract

This paper studies the effect of uncertainty shocks on the demand for business loans in individual euro area countries. The results of Bayesian vector autoregression (VAR) model impulse response functions show that in some countries the overall demand for business loans, and particularly the demand for business loans for fixed-investment financing, respond significantly negatively to the shock. Keywords: Demand for business loans, Uncertainty, Bayesian VAR. JEL: D81, E32, E44.

Suggested Citation

  • Silvo Dajcman, 2023. "Uncertainty and Demand for Business Loans: A Study of Selected Countries in the Euro Area," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 70(3), pages 339-353.
    • Handle: RePEc:voj:journl:v:70:y:2023:i:3:p:339-353:id:580
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    More about this item

    Keywords

    Demand for business loans; Uncertainty; Bayesian VAR;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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