Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210812 
Authors: 
Year of Publication: 
2015
Series/Report no.: 
CBM Working Papers No. WP/04/2015
Publisher: 
Central Bank of Malta, Valletta
Abstract: 
This paper documents two approaches that are used to estimate a credit gap, defined as the difference between actual developments in credit to non-financial corporations (NFCs) in Malta and a hypothetical path that would have been realised had the past historical relationships over the period 1995-2011 were to be maintained over the period 2012-2014. Both methods suggest that a credit gap emerged in 2012, which widened significantly in 2013 and 2014. As at 2014Q3, the credit gap is estimated between €680 and €830 million. In addition, the two approaches indicate that the credit gap will widen further over 2015-2016.
JEL: 
E51
C5
G00
Document Type: 
Working Paper

Files in This Item:
File
Size
754.13 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.