01699cas a2200241 a 4500 AALejournalIMF000189 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855661 1018-5941 BD-DhAAL BD-DhAAL Pazarbasioglu, Ceyla. A Credit Crunch? : A Case Study of Finland in the Aftermath of the Banking Crisis / Ceyla Pazarbasioglu. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper estimates a disequilibrium model of credit supply and demand to evaluate whether there was a credit crunch in Finland following the banking crisis of 1991-92. Empirical analysis suggests that the marked reduction in bank lending was mainly in reaction to a cyclical decline in credit demand, likely exacerbated by the high level of indebtedness of the borrowers. It also appears that banks became less willing to supply credit during periods associated with a deterioration in asset quality, and reduced profits due to declining regulatory protection from competition, and a need to increase capital adequacy levels. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1996/135 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/135/001.1996.issue-135-en.xml IMF e-Library