Private sector credito in Spain: from boom to brust

The deep crisis in the Spanish economy is characterized by the existence of a sharp contraction in private sector credit. This credit behavior is not surprising, since it is known that there is a strong positive correlation between economic cycles and credit cycles, as has been well documented in th...

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Autores principales:	Antonio Calvo Bernardino, Jesús Paúl Gutiérrez
Formato:	article
Lenguaje:	EN ES
Publicado:	AECOOP Escuela de Estudios Cooperativos 2013
Materias:	crédito bancario al sector privado ciclo crediticio demanda y oferta de crédito entidades bancarias de carácter social. Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/679b9db71dec4bc18f39bdc1cd1f9555
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spelling	oai:doaj.org-article:679b9db71dec4bc18f39bdc1cd1f95552021-11-12T13:14:34ZPrivate sector credito in Spain: from boom to brust1135-66181885-803110.5209/rev_REVE.2012.v109.40651https://doaj.org/article/679b9db71dec4bc18f39bdc1cd1f95552013-01-01T00:00:00Zhttp://revistas.ucm.es/index.php/REVE/article/view/40651https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031The deep crisis in the Spanish economy is characterized by the existence of a sharp contraction in private sector credit. This credit behavior is not surprising, since it is known that there is a strong positive correlation between economic cycles and credit cycles, as has been well documented in the literature. In order to understand the strong credit restrictions which Spanish non-financial firms and households are facing at present, this article analyses the last credit cycle that has occurred in Spanish economy. It is defined its length and intensity and compared with other credit cycles in past decades. After studying the behavior of credit in the expansion phase of the cycle and the major imbalances accumulated in it, we focus the analysis in the recession phase, assessing the supply and demand factors that are affecting credit crunch. A special emphasis is given to the role that social banking institutions have had in this cyclical process of credit.Antonio Calvo BernardinoJesús Paúl GutiérrezAECOOP Escuela de Estudios Cooperativosarticlecrédito bancario al sector privadociclo crediticiodemanda y oferta de créditoentidades bancarias de carácter social.Economics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 109, Iss 0, Pp 13-44 (2013)
institution	DOAJ
collection	DOAJ
language	EN ES
topic	crédito bancario al sector privado ciclo crediticio demanda y oferta de crédito entidades bancarias de carácter social. Economics as a science HB71-74
spellingShingle	crédito bancario al sector privado ciclo crediticio demanda y oferta de crédito entidades bancarias de carácter social. Economics as a science HB71-74 Antonio Calvo Bernardino Jesús Paúl Gutiérrez Private sector credito in Spain: from boom to brust
description	The deep crisis in the Spanish economy is characterized by the existence of a sharp contraction in private sector credit. This credit behavior is not surprising, since it is known that there is a strong positive correlation between economic cycles and credit cycles, as has been well documented in the literature. In order to understand the strong credit restrictions which Spanish non-financial firms and households are facing at present, this article analyses the last credit cycle that has occurred in Spanish economy. It is defined its length and intensity and compared with other credit cycles in past decades. After studying the behavior of credit in the expansion phase of the cycle and the major imbalances accumulated in it, we focus the analysis in the recession phase, assessing the supply and demand factors that are affecting credit crunch. A special emphasis is given to the role that social banking institutions have had in this cyclical process of credit.
format	article
author	Antonio Calvo Bernardino Jesús Paúl Gutiérrez
author_facet	Antonio Calvo Bernardino Jesús Paúl Gutiérrez
author_sort	Antonio Calvo Bernardino
title	Private sector credito in Spain: from boom to brust
title_short	Private sector credito in Spain: from boom to brust
title_full	Private sector credito in Spain: from boom to brust
title_fullStr	Private sector credito in Spain: from boom to brust
title_full_unstemmed	Private sector credito in Spain: from boom to brust
title_sort	private sector credito in spain: from boom to brust
publisher	AECOOP Escuela de Estudios Cooperativos
publishDate	2013
url	https://doaj.org/article/679b9db71dec4bc18f39bdc1cd1f9555
work_keys_str_mv	AT antoniocalvobernardino privatesectorcreditoinspainfromboomtobrust AT jesuspaulgutierrez privatesectorcreditoinspainfromboomtobrust
_version_	1718430501029543936

Private sector credito in Spain: from boom to brust

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