following Figure 8 shows the growth rates of (nominal) credit-to-GDP
ratio in the Euro area from 2000 to 2022. Credit is measured by total bank
credits to the non-financial sector (public and private-owned [...] 0
5
10
15
20
Growth rate of the Credit-to-GDP ratio
pe
rc
en
t
Credit-to-GDP ratio
Figure 8. Growth rates of the credit-to-GDP ratio in the Euro area. Source: own calculation [...] changes in the credit-to-GDP ratio. This policy rule seems to be more responsive than European
regulators are reacting to their target rate (deviations from the long-term growth rate of the
credit-to-GDP ratio)
listed in the module descriptions.
• Abbreviations:
ECTS = The European Credit Transfer and Accumulation System (ECTS) is a credit point system for
accreditation of course achievements.
SWS = Semeste [...]
Module work consisting of:
• 4 credits (lecture-accompanying exercise
performance in presence or online) during the
semester (20 % each)
• 1 credit (project work and presentation in presence [...] seminar paper with presentation (70 %)” replaced by “Module work
consisting of 4 credits during the semester (20 % each), 1 credit in the end of
the semester (20 %)”
11.11.2022
6 6 Intercultural Competence: