Bofondi, Marcello; Carpinelli, Luisa; Sette, Enrico - Banca d'Italia - 2013
We study the effect of the increase in Italian sovereign debt risk on credit supply on a sample of 670,000 bank … heterogeneity. We find that Italian banks tightened credit supply: the lending of Italian banks grew by about 3 percentage points … that this was not the case, so that the sovereign crisis had an aggregate impact on credit supply. …