E. D'ELIA, L.MORETTINI, Business investment during the global crisis: some evidence from the italian experience

The recent economic crisis has gone through several phases after beginning with a major shock in the credit sector. However, in the literature there is no consensus as to whether this crisis was the main cause of the general deterioration of the economy or the other way round.
The influence of finance on the others sectors and the impact of real economy on finance has been analysed in a large number of contributions but the recent debate focuses on the actual role of credit supply on investment.

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