Khemraj, Tarron; Primus, Keyra - Volkswirtschaftliche Fakultät, … - 2013
by a demand-induced or the credit crunch phenomenon. The study presents an alternative methodology for estimating the … credit crunch. The new methodology emphasizes an aggregate banking model in which excess liquidity and interest rate spread … random deposit and loan shocks. The results suggest that weak loan demand instead of a supply-induced credit crunch best …