ITALY AFTER THE CRISIS: A CASE OF RECOVERYLESS CREDIT GROWTH

Antonio Forte

Theoretical and Practical Research in the Economic Fields, 2011, vol. 2, issue 2, 132-140

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 recovery-less credit growth.

Date: 2011
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Working Paper: Italy after the crisis: a case of recoveryless credit growth (2012)
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