Journal
ECONOMIC SYSTEMS
Volume 38, Issue 4, Pages 572-587Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.ecosys.2014.05.004
Keywords
Household credit; Life-cycle economies; Banking sector
Categories
Ask authors/readers for more resources
This paper applies a life-cycle model with individual income uncertainty in order to investigate the determinants of credit to households. We show that the household credit to GDP ratio depends on the lending-deposit interest rate spread, individual income uncertainty, and individual income persistence. We subsequently provide empirical evidence for the prediction of a theoretical model on the basis of data from OECD and EU countries. (C) 2014 Published by Elsevier B.V.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available