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A Flow-of-Funds Perspective on the Financial CrisisDeterminants and Consequences of Credit Tightening: An Analysis of the United States and the Euro Area

A Flow-of-Funds Perspective on the Financial Crisis: Determinants and Consequences of Credit... [The interaction between the financial and the real sectors of the econ- omy has been studied intensively in the past- We may refer to different strands of the literature, such as the correlation between money and national income (Friedman and Schwartz, 1963); the non-monetary effects of the banking crises in the propagation of the Great Depres- sion (Bernanke, 1983); the links between money, credit and GDP (Sims, 1972; Bernanke and Blinder, 1988, 1992); and the bank lending channel (Kashyapetal., 1993).] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Flow-of-Funds Perspective on the Financial CrisisDeterminants and Consequences of Credit Tightening: An Analysis of the United States and the Euro Area

Part of the Palgrave Studies in Econmics and Banking Book Series
Editors: Winkler, Bernhard; Riet, Ad van; Bull, Peter
Bonis, Riccardo De; Infante, Luigi; Paternò, Francesco
A Flow-of-Funds Perspective on the Financial Crisis — Dec 4, 2015
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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2014
ISBN
978-1-349-46944-4
Pages
146 –174
DOI
10.1057/9781137352989_7
Publisher site
See Chapter on Publisher Site

Abstract

[The interaction between the financial and the real sectors of the econ- omy has been studied intensively in the past- We may refer to different strands of the literature, such as the correlation between money and national income (Friedman and Schwartz, 1963); the non-monetary effects of the banking crises in the propagation of the Great Depres- sion (Bernanke, 1983); the links between money, credit and GDP (Sims, 1972; Bernanke and Blinder, 1988, 1992); and the bank lending channel (Kashyapetal., 1993).]

Published: Dec 4, 2015

Keywords: Ordinary Little Square; Euro Area; European Central Bank; Bank Credit; Bank Lending

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