Miroslav Plašil, Štěpán Radkovský, Pavel Řežábek
This article aims to characterise the effect of demand and supply factors on bank loans to non-financial corporations and to obtain a forecasting model for the main variables linked with corporate loans. Our estimate of credit supply conditions in the Czech Republic echoes the results of the euro area bank lending survey. The results show that Czech banks significantly restricted credit when the financial crisis erupted, and this was partly reflected in the subsequent economic contraction. The article enhances our picture of the credit market, which, owing to the only recent launch of a bank lending survey in the Czech Republic, had not previously been mapped properly.
Issued: June 2013
Download: Thematic article in the Financial Stability Report 2012/2013 (pdf, 276 kB)