Walter Waschiczek () (Oesterreichische Nationalbank)
Abstract
This study examines the existing statistical evidence on corporate loan growth for signs of a credit crunch in Austria. With regard to banks’ loan supply, the Austrian results of the bank lending survey show that since the onset of the crisis in summer 2007 lending has been affected by deteriorated refinancing conditions in the interbank market and has become more restrictive. Loan demand, which in the first half of 2008 was still fairly brisk based on expanding investment and a sound earnings situation in the corporate sector, is likely to sag in the near future as a decrease in the willingness to invest is to be expected. The credit standing of firms is expected to deteriorate for cyclical reasons in the near future, too, which would also contribute to a slowdown in lending. As it seems to be relatively likely that loan supply will decline more strongly than loan demand, the emergence of a credit crunch cannot be ruled out in Austria. JEL classification: E51, G21, G32
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Volume (Year): (2008) Issue (Month): 4 (January 2009) Pages: 38-53 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Order Information: Postal: Oesterreichische Nationalbank, Documentation Management and Communications Services, Otto-Wagner Platz 3, A-1090 Vienna, Austria Email:
For technical questions regarding this item, or to correct its listing, contact: (Manfred Fluch).