Crédito Al Sector Privado En República Dominicana (1997-2011): ¿Existe Evidencia De Racionamiento Del Crédito?

Private Sector Loans in the Dominican Republic (1997-2011):Is There Evidence of credit rationing?

Francisco Ramírez de León ()

MPRA Paper from University Library of Munich, Germany

Abstract: This study investigates the determinants of private credit in the Dominican Republic for the period 1997 to 2011. Using a disequilibrium model as in Gosh and Gosh (1999), the demand and supply functions of credit to private sector are estimated, and these results are used to analyzeepisodes of credit crunch. The main conclusion is that the evolution of private sector credit is eminently restricted by the supply side, with the availability of resources and the expected level of economic activity as the main drivers. On the demand side, the cost of borrowing carries a high weight. In fact, this variable, along with the level of activity, is the main determinant of credit demand.

Keywords: Credit rationing; Disequilibrium models (search for similar items in EconPapers)
JEL-codes: E44 E51 G21 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/68333/1/serie_estudios_econ_7.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:68333

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().