the coherence and the predictive content of the French Bank Lending Survey’s indicators (in French)

Abstract: The objective of this paper is to assess the relevance and the predictive content of the indicators stemming from the ten-year-old quarterly Bank Lending Survey (BLS) on credit distribution. First, we validate the coherence of the BLS indicators by cross-checking indicators that are supposed to deliver similar information, and by comparing them to a broad set of actual macroeconomic and financial variables. Second, econometric tests reveal that the demand-side indicators of the BLS, but not the supply-side ones, are particularly relevant for explaining and forecasting loans to non-financial companies in France.

Keywords: Bank Lending Survey; Credit demand; Credit supply; Forecasts. (search for similar items in EconPapers)
JEL-codes: C22 E47 E51 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2015
New Economics Papers: this item is included in nep-for and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:567

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