Equilibrium credit is an important concept as it helps identify excessive credit provision. This paper proposes a two-stage approach to determine equilibrium credit. The two stages allow us to study changes in the demand for credit due to varying levels of economic, financial and institutional...

A widespread consensus for an easier access to bank credit for SMEs to quicken the recovery could lead to overlook risks, for banks as well as for economies, of financing projects that do not fit the structural adjustments in the world economy caused by the international crisis. Sustainable...

Der Ausgangspunkt der Überlegungen ist die Frage nach den ordnungspolitischen Anforderungen an eine Finanzarchitektur, die dem Wandel der Märkte und dem geänderten Verhalten der Akteure Rechnung trägt. Im Mittelpunkt der Analyse stehen die Ansatzpunkte einer makroprudentiellen Bankenaufsicht...

On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...