Buch, Claudia M.; Neugebauer, Katja - In: Journal of Banking & Finance 35 (2011) 8, pp. 2179-2187
the systemic importance of large banks for the real economy. In this paper, we analyze whether idiosyncratic shocks to … loan growth at large banks have effects on real GDP growth. We employ a measure of idiosyncratic shocks which follows … growth. Episodes of negative loan growth rates and the Eastern European countries in our sample drive these results. …