Název:	Aplikace nerovnovážného modelu na trh úvěrů v České republice
Další názvy:	Disequilibrium model applied on the credit market in the Czech republic
Autoři:	Stavárek, Daniel Vodová, Pavla
Citace zdrojového dokumentu:	E+M. Ekonomie a Management = Economics and Management. 2010, č. 4, s. 123-134.
Datum vydání:	2010
Nakladatel:	Technická univerzita v Liberci
Typ dokumentu:	článek article
URI:	http://www.ekonomie-management.cz/download/1331826741_1157/08_stavarek.pdf http://hdl.handle.net/11025/17371
ISSN:	1212-3609 (Print) 2336-5604 (Online)
Klíčová slova:	nerovnováha;poptávka po úvěrech;poskytování úvěrů;úvěrový trh
Klíčová slova v dalším jazyce:	disequilibrium;credit demand;credit supply;credit market
Abstrakt v dalším jazyce:	The aim of the paper is to apply a disequilibrium model on credit market in The Czech Republic and to analyze credit demand and credit supply in period 1994 – 2007. We aim to answer the following questions: What are the main determinants that drive the demand and supply in the Czech Republic’s credit market? What was the development of credit demand and credit supply? Whether the slowdown in the growth of the volume of credits disbursed was caused by demand or supply factors. The degree of equilibrium in the Czech credit market is assessed subsequently. We came to conclusion that the credit demand in the Czech Republic is a function of one-quar- ter-lagged gross domestic product, investments, capital market index PX50 and interest rate on loans. The effects of all variables except for interest rate are in line with expectations. Credit supply in the Czech Republic is a function of deposits, industrial production, interest rate on loans and classified loans. The results suggest that a considerable disequilibrium was typical for Czech credit market over the last ten years. During most of the period, the level of provided loans was determined by credit demand. From the second quarter of 2006, the volume of loans provided has been determined by credit supply. The decline in the volume of credits disbursed during 1998 – 2002 was caused by supply factors. Furthermore, we found that the Czech credit market suffered from a credit crunch in the first half of 2001 when the credit demand overhang substantially exce- eded the limit of double standard deviation.
Práva:	© Technická univerzita v Liberci CC BY-NC 4.0
Vyskytuje se v kolekcích:	Číslo 4 (2010) Číslo 4 (2010)

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