Details

Autor(en) / Beteiligte

• de Bandt, O.
• Bruneau, C.
• El Amri, W.

Titel

Convergence in household credit demand across euro area countries: evidence from panel data

Ist Teil von

• Applied economics, 2009-12, Vol.41 (27), p.3447-3462

Ort / Verlag

London: Routledge

Erscheinungsjahr

2009

Link zum Volltext

Quelle

Taylor & Francis Journals Auto-Holdings Collection

Beschreibungen/Notizen

• This article contributes to the literature on the convergence of financial systems in the euro area by estimating household credit demand in individual countries. Using the ARDL framework advocated notably by Pesaran et al. ( 1999 ), the article provides evidence on the convergence of long-run credit demand determinants (interest rates, investment and house prices) in the largest euro area countries, while short run-dynamics remain heterogenous across countries. The article also demonstrates that the equation uncovers demand rather than supply behaviour.