OVERVIEW OF CREDIT ACTIVITIES OF BANKS IN THE DEVELOPED ECONOMIES
Autor (i): Klejda Gabeshi
JEL: G21
Cuvinte cheie: Banking Sector, COVID-19 Crisis, Credit Activity, Developed Economies.
Abstract:
Credit cycles have long been a feature of advanced economies, and their analysis is relevant for monetary policy purposes. Among the various lending measures, the aim of this paper will be focused on credit activities of banks, giving a thorough analysis of the evolution of bank credit to the private sector, one of the most important indicators of banking development, moreover the effects of the COVID-19 health crises on its trend. This indicator will be further explained and graphically demonstrated for all G7 countries, thus analyzing the characteristics and evolution of lending in advanced economies. The study of the credit activity of the advanced economies of the G7 countries demonstrated the efficiency of banking systems to recover from financial crises and to maintain a very good credit rating, characterized by an upward trend in the evolution of lending. The financial system of the developed economies has maintained the overall stability, while COVID-19 continues to have a significant impact on economic and financial activity worldwide. Banks in these countries have tightened access to corporate credit amid the resurgence of the coronavirus pandemic
Credit cycles have long been a feature of advanced economies, and their analysis is relevant for monetary policy purposes. Among the various lending measures, the aim of this paper will be focused on credit activities of banks, giving a thorough analysis of the evolution of bank credit to the private sector, one of the most important indicators of banking development, moreover the effects of the COVID-19 health crises on its trend. This indicator will be further explained and graphically demonstrated for all G7 countries, thus analyzing the characteristics and evolution of lending in advanced economies. The study of the credit activity of the advanced economies of the G7 countries demonstrated the efficiency of banking systems to recover from financial crises and to maintain a very good credit rating, characterized by an upward trend in the evolution of lending. The financial system of the developed economies has maintained the overall stability, while COVID-19 continues to have a significant impact on economic and financial activity worldwide. Banks in these countries have tightened access to corporate credit amid the resurgence of the coronavirus pandemic
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