Italy after the crisis: a case of recoveryless credit growth

Antonio Forte

MPRA Paper from University Library of Munich, Germany

Abstract: In 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.

Keywords: Italy; credit; recovery (search for similar items in EconPapers)
JEL-codes: E32 E50 (search for similar items in EconPapers)
Date: 2012-01
New Economics Papers: this item is included in nep-fdg and nep-mac
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