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

Dan Olteanu

Revista OEconomica, 2014, issue 03

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).

Keywords: credit; money supply; economic growth (search for similar items in EconPapers)
JEL-codes: E32 E41 E51 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2014:i:03:id:392

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