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- Title
Understanding the weakness of bank lending.
- Authors
Bell, Venetia; Young, Garry
- Abstract
The flow of new bank lending to UK households and businesses fell sharply following the start of the global financial crisis in mid-2007. That provoked an ongoing debate about the extent to which the sustained weakening of bank lending was caused by a fall in demand for credit, or a fall in supply. While it is difficult to disentangle the effects of shifts in credit demand; and supply, this article finds evidence of a substantial and persistent tightening in credit supply conditions from mid-2007. But independently weaker credit demand - probably associated with the impact of the global financial crisis - is also likely to have contributed to the weakness in bank lending.
- Subjects
UNITED Kingdom; BANK loans; BUSINESS enterprises; FINANCIAL crises; CREDIT; FINANCIAL markets
- Publication
Bank of England Quarterly Bulletin, 2010, Vol 50, Issue 4, p311
- ISSN
0005-5166
- Publication type
Article