Uncertainty and Demand for Business Loans: A Study of Selected Countries in the Euro Area

  • Silvo Dajcman University of Maribor, Faculty of Economics and Busines, Slovenia

Abstract

This paper studies the effect of uncertainty shocks on the demand for business loans in individual euro area countries. The results of Bayesian vector autoregression (VAR) model impulse response functions show that in some countries the overall demand for business loans, and particularly the demand for business loans for fixed-investment financing, respond significantly negatively to the shock.

Keywords: Demand for business loans, Uncertainty, Bayesian VAR.

JEL: D81, E32, E44.

How to Cite
Dajcman S. (2022). Uncertainty and Demand for Business Loans: A Study of Selected Countries in the Euro Area. Panoeconomicus, Advance online publication, 1-18. doi:10.2298/PAN180725013D
Section
Original scientific paper