The path of output prior to the financial and economic crisis turned out to be not sustainable and lower than previously estimated in some European crisis countries. Specifically, the output gaps have been…
Overleveraging of the banking sector has been considered as one of the main causes of the 2007-09 financial crisis and the subsequent great recession. It was also of major concern for the subsequent BIS…
Güter- und Kreditmärkte sind eng miteinander verflochten. Neben langfristigen Ausrüstungs- und Anlageinvestitionen werden auch kurz- und mittelfristige Liefer- und Leistungsbeziehungen zwischen Unternehmen und…
