Author
Bahadır, Berrak, Valev, N.
Publication Date
2017
Publication Place
-
Elsevier
Subject
Household credit, Business credit, Convergence
Type
Periodical
Language
English
Digital
Yes
Manuscript
No
Library
Özyeğin University
Library Asset ID
1059-0560
Record ID
c134e300-057d-4340-a87d-84d656665b65
Library Location
Economics
Date
2017
Sample Text
We provide evidence for convergence in the levels of household and business credit across European countries. The process is particularly strong for the transition countries that have a low initial level of private credit and are catching up with Western Europe. However, the convergence is associated mostly with household credit, including housing loans and consumer credit, which may limit its benefits for economic growth.
DOI
10.1016/j.iref.2016.10.006