Series: IMF Working Papers
Author(s): Bergljot Barkbu , Pelin Berkmen , Pavel Lukyantsau , Sergejs Saksonovs , and Hanni Schoelermann
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 February 2015
Keywords: credit rationing, capital, lending,
Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most previous recessions and financial crises. This paper shows that a part of this weakness can be explai...