Convergence in Household Credit Demand Across Euro Area Countries: Evidence from Panel Data

Olivier de Bandt, C. Bruneau and Wydad El Amri

Working papers from Banque de France

Abstract: The paper contributes to the literature on the convergence of financial systems in the euro area by estimating household credit demand in individual countries. Using the ARDL framework advocated notably by Pesaran et al. (1999), the paper provides evidence on the convergence of long run credit demand determinants (interest rates, investment and house prices) among the largest euro area countries, while short run dynamics remain heterogenous across countries. The paper also demonstrates that the equation uncovers demand rather than supply behaviour.

Keywords: Credit demand; Panel cointegration; Households; Bank profitability. (search for similar items in EconPapers)
JEL-codes: C31 C32 C33 E51 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Convergence in household credit demand across euro area countries: evidence from panel data (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:158

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