Mitri, Stefania De; Gobbi, Giorgio; Sette, Enrico - Banca d'Italia - 2010
credit contraction that followed Lehman's default in September 2008. Using micro data on a large sample of Italian firms, we … analyze the relation between firms' debt concentration and credit availability. We show that firms borrowing from a higher … number of banks suffered on average a larger contraction in bank credit and a higher probability of experiencing a reduction …