New Credit Drivers: Results from a Small Open Economy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F21%3A00122730" target="_blank" >RIV/00216224:14560/21:00122730 - isvavai.cz</a>
Result on the web
<a href="https://www.tandfonline.com/eprint/EVPYRMJCC4RGTA5QJSGC/full?target=10.1080/00128775.2021.1990084" target="_blank" >https://www.tandfonline.com/eprint/EVPYRMJCC4RGTA5QJSGC/full?target=10.1080/00128775.2021.1990084</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/00128775.2021.1990084" target="_blank" >10.1080/00128775.2021.1990084</a>
Alternative languages
Result language
angličtina
Original language name
New Credit Drivers: Results from a Small Open Economy
Original language description
In developed economies, macroeconomic indicators such as unemployment and price indices tend to predict new credit expansion. We explore whether business and consumer surveys complement traditional macroeconomic variables in predicting new household and corporate loans in the following 3, 6, 9 and 12 months. Using monthly data for Slovakia, starting in 2009 and ending in 2019, we use Bayesian model averaging to examine 102 potential credit drivers. Our results show that, with the exception of interest rates and unemployment, traditional macroeconomic variables do not seem to drive credit market development. Instead, survey-based perceptions, calendar effects and policy uncertainty show relevant predictive power.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Eastern European Economics
ISSN
0012-8775
e-ISSN
1557-9298
Volume of the periodical
60
Issue of the periodical within the volume
1
Country of publishing house
GB - UNITED KINGDOM
Number of pages
34
Pages from-to
79-112
UT code for WoS article
000710375500001
EID of the result in the Scopus database
2-s2.0-85118168181