A Credit Crunch? a Case Study of Finland in the Aftermath of the Banking Crisis

A Credit Crunch? a Case Study of Finland in the Aftermath of the Banking Crisis
This paper estimates a disequilibrium model of credit supply and demand to evaluate whether there was a credit crunch in Finland following the banking crisis of 1991-92. Empirical analysis suggests that the marked reduction in bank lending was mainly in reaction to a cyclical decline in credit demand, likely exacerbated by the high level of... READ MORE...

Publication date: December 1996
ISBN 9781451855661
$15.00

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