Forte, Antonio (2012): Italy after the crisis: a case of recoveryless credit growth.
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In this study I compare the credit condition with the economic growth in Italy from January 2007 onward. Starting from the literature on the creditless recovery, I highlight the specific features of the Italian situation in which, notwithstanding the prolonged and deep economic crisis, the credit has persistently continued to grow. A comparison with the German case confirms the peculiar characteristics of the Italian condition. An econometric study supports this idea and, in order to depict this Italian economic situation, I propose a new expression: the recoveryless credit growth.
|Item Type:||MPRA Paper|
|Original Title:||Italy after the crisis: a case of recoveryless credit growth|
|Keywords:||Italy; credit; recovery|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General
|Depositing User:||Antonio Forte|
|Date Deposited:||06. Jan 2012 16:39|
|Last Modified:||13. Feb 2013 22:41|
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