An empirical analysis of loan supply and demand in the euro area

2020 ◽  
Vol 70 ◽  
pp. 187-201
Author(s):  
Alexander Jung
Keyword(s):  
Empirical Analysis ◽  
Euro Area ◽  
Supply And Demand ◽  
Loan Supply

scholarly journals Loan supply shocks during the financial crisis: Evidence for the Euro area

2012 ◽  
Vol 31 (3) ◽  
pp. 569-592 ◽  
Author(s):  
Nikolay Hristov ◽  
Oliver Hülsewig ◽  
Timo Wollmershäuser
Keyword(s):  
Financial Crisis ◽  
Euro Area ◽  
Supply Shocks ◽  
Loan Supply

scholarly journals EL TURISMO DE SALUD DESDE EL ENFOQUE SISTÉMICO: APLICACIÓN A LA PROVINCIA DE ALICANTE

2021 ◽  
pp. 123-152
Author(s):  
Elke Hersch Glass
Keyword(s):  
Systems Theory ◽  
Empirical Analysis ◽  
Medical Tourism ◽  
Methodological Approach ◽  
Supply And Demand ◽  
German Literature ◽  
Health Tourism ◽  
Wellness Tourism ◽  
The Subject ◽  
Main Determinants

El propósito de ese trabajo se centra en identificar los principales fundamentos condicionantes de la demanda y de la oferta en el turismo de salud sobre la base de la teoría de sistemas. Además, se lleva a cabo un análisis empírico del turismo médico, turismo wellness y turismo medical wellness de la provincia de Alicante desde este enfoque. Metodológicamente el trabajo se fundamenta en una tarea de sistematización de la bibliografía anglo-germánica existente sobre el tema y no traducida al español. La relevancia de este artículo la constituye la novedad de su enfoque metodológico y su aplicación sobre el turismo de salud, así como su aplicación a un espacio turístico consolidado, como es la provincia de Alicante, donde esta modalidad está implantada y viene funcionando desde hace décadas. The purpose of this paper is to identify the main determinants conditioning supply and demand in health tourism based on systems theory. An empirical analysis of medical tourism, wellness tourism and medical wellness tourism in the Province of Alicante is carried out, applying the aforementioned approach. Methodologically, the work is based on the task to systematize the existing Anglo-German literature on the subject that has not been translated into Spanish. The relevance of this article lies in the novelty of the methodological approach and its application to health tourism as well as its application to a consolidated tourist area, such as the Province of Alicante, where this modality is established and has been working for decades.

scholarly journals Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications

2012 ◽  
Vol 102 (5) ◽  
pp. 2301-2326 ◽  
Author(s):  
Gabriel Jiménez ◽  
Steven Ongena ◽  
José-Luis Peydró ◽  
Jesús Saurina
Keyword(s):  
Monetary Policy ◽  
Firm Heterogeneity ◽  
Supply And Demand ◽  
Balance Sheet ◽  
Economic Conditions ◽  
Balance Sheet Channel ◽  
Loan Demand ◽  
Loan Supply ◽  
Credit Restriction ◽  
The Impact

We analyze the impact of monetary policy on the supply of bank credit. Monetary policy affects both loan supply and demand, thus making identification a steep challenge. We therefore analyze a novel, supervisory dataset with loan applications from Spain. Accounting for time-varying firm heterogeneity in loan demand, we find that tighter monetary and worse economic conditions substantially reduce loan granting, especially from banks with lower capital or liquidity ratios; responding to applications for the same loan, weak banks are less likely to grant the loan. Finally, firms cannot offset the resultant credit restriction by applying to other banks. (JEL E32, E44, E52, G21, G32)

(A)symmetrical supply and demand shocks in Central and Eastern European countries

2018 ◽  
Vol 63 (2) ◽  
pp. 7-20
Author(s):  
Katarzyna Piłat
Keyword(s):  
Euro Area ◽  
Inflation Rate ◽  
Structural Model ◽  
Supply And Demand ◽  
Correlation Coefficients ◽  
Eastern European ◽  
The Czech Republic ◽  
Supply Shocks ◽  
Supply And Demand Shocks ◽  
Eastern European Countries

The aim of the paper is to examine the similarity of responses of the economies of Central and Eastern Europe countries to the shocks in euro area and response observed in the group of countries that adopted common currency. The study used time series of quarterly GDP values and inflation rate. Data were extracted from the Eurostat database for the period from 1st quarter 1998 to 1st quarter 2014. The methodology of the research was based on a structural model of vector autoregression (SVAR) and shock decomposition was carried out using the Blanchard and Quah approach. The results obtained show a relatively strong correlation between the responses of the examined countries and the euro area to demand disturbances, with the highest coefficients for the Czech Republic and Poland. In the case of supply shocks, the correlation coefficients achieved a lower level, while the best adjustment of the response to the euro area disturbances was observed in Poland and Hungary.

Do food commodity prices have asymmetric effects on euro-area inflation?

2014 ◽  
Vol 18 (4) ◽  
Author(s):  
Mario Porqueddu ◽  
Fabrizio Venditti
Keyword(s):  
Empirical Analysis ◽  
Euro Area ◽  
Structural Model ◽  
Linear Models ◽  
Commodity Prices ◽  
Commodity Price ◽  
Food Prices ◽  
Impulse Response Functions ◽  
Price Inflation ◽  
The Empirical Analysis

AbstractThis paper analyzes the relationship between commodity prices and consumer food prices in the euro area and in its largest countries (Germany, France and Italy) and tests whether the latter respond asymmetrically to shocks to the former. The issue is of particular interest for those monetary authorities that target headline consumer price inflation, which has been heavily influenced by pronounced swings in international commodity prices in the past decade. The empirical analysis is based on two distinct but complementary approaches. We first use a structural model, identify a shock to commodity prices and check through formal econometric tests whether the Impulse Response Functions of food consumer prices is invariant to the sign of the commodity price shock. Next, we employ predictive regressions and examine the relative forecasting ability of linear models with respect to that of models that allow for sign-dependent nonlinearities. Overall, the empirical analysis uncovers very little evidence of asymmetries.

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