Catching up or drifting apart: Convergence of household and business credit in Europe Article

Bahadir, B, Valev, N. (2017). Catching up or drifting apart: Convergence of household and business credit in Europe . INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 47 101-114. 10.1016/j.iref.2016.10.006

cited authors

  • Bahadir, B; Valev, N

authors

abstract

  • 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.

publication date

  • January 1, 2017

published in

Digital Object Identifier (DOI)

start page

  • 101

end page

  • 114

volume

  • 47