Banerjee, Biswajit, Coricelli, Fabrizio, (2017), “New eBook: Misallocation in Europe during the Global Crisis: Some stylised facts “, VoxEu, 8 February
Financial markets and the banking sectors in several European countries are still struggling to recover from the Global crisis, with many instances of unresolved problems involving bad loans and fragility of banks. This column introduces a new CEPR eBook, drawing on research presented at the first conference of the European Central Banking Network, which examines the relationship between credit booms and busts and the potential misallocation of resources. Improving the functioning of credit markets and their ability to improve the allocation of resources is crucial to lift Europe out of the phase of low growth that has followed the Global Crisis.
- Hassan, Fadi, di Mauro, Filippo, I.P. Ottaviano, Gianmarco, (2016), “Banks Credit and Productivity Growth in the EU”, European Investment Bank Working Papers 2016/05, 20 December
- Borio, Claudio, Kharroubi, Enisse, Upper, Christian, Zampolli, Fabrizio, (2016), “Financial cycles, labour misallocation, and economic stagnation”, Voxeu, 14 April