haku: @indexterm FINLAND / yhteensä: 889
viite: 473 / 889
| Tekijä: | Pazarbasioglu, C. |
| Otsikko: | A Credit Crunch? Finland is the Aftermath of the Banking Crisis |
| Lehti: | Staff Papers
1997 : SEP, Vol. 44:3, p. 315-327 |
| Asiasana: | BANK FAILURES FINLAND CREDIT |
| Kieli: | eng |
| Tiivistelmä: | 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 market reduction in bank lending was mainly in reaction to a cyclial decline in credit demand, likely exacerbated by the high level of indebtedness of the borrowers. It also appears that banks became less willing to supply credit during periods associated with a deterioration in asset quality, as well as because of reduced profits owing to declining regulatory protection from competition and the need to increase capital adequacy levels. |
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