restricted ( 840 obs, 28 countries, longer time series)
• Very simple baseline model...**
9
Highlights – full sample
• Strong evidence against the random walk...
absorption with GDP on the product and income side
Summary (continued)
The model...and during the “sudden stop”
Households
Banking sector
Government
Solution of...
These risks also affect the resilience of a credit
institution’s business model...from less significant institutions:
1) expectations regarding their business...
• Put simply, YES
– Proposed model works best where bank credit
dominates (e.g....Other Series
• Real GDP, GDP Deflator, Commodity prices
– Defines basic macro...
lending (BoE)
Risk sharing credit schemes in place from 2010
Special lending model...rate on long-
term corporate loans (July 2013) 5,58
Government credit schemes -...
