Bank lending in Germany and the UK: are
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Sylvia Kaufmann; Maria Teresa Valderrama
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Article
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2008
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John Wiley and Sons
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English
⚖ 254 KB
## Abstract We estimate Markov switching vector autoregressive systems for loans to firms and loans to households to investigate their relationship to interest rates and investment and consumption, respectively. We find evidence for different reactions of lending to shocks in real variables and int