Credit Market as a “Mirror” of the Economic System: A Disequilibrium Approach

Florin Dănănău and Ciprian Alexandru

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 3, 64

Abstract: We investigate through an econometric approach the credit market and the factors that interact with it. Our investigation tries to put into discussion the main macroeconomic determinants of credit market in Romania. Our approach is chiefly centered around essential macroeconomic vari-ables related to industrial output, interest in banking industry, as well as to stock market aggregate indicators. This paper’s results show that disequilibrium models can be used to properly model and describe, in the medium and short-run, the behavior of the credit market as a whole, by taking necessary precautions.

Keywords: disequilibrium models; co-integration; stationarity and non-stationarity; credit market. (search for similar items in EconPapers)
JEL-codes: C62 G17 O16 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/ENG/cuprins ... 2012specialissue.pdf (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:ovi:oviste:v:xii:y:2012:i:3:p:64

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().