Beck, Thorsten; Degryse, Hans; Haas, Ralph de; Horen, … - de Nederlandsche Bank - 2014
Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding … to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of … firms to these firms' credit constraints at two contrasting points of the business cycle. We show that relationship lending …