Kick, Thomas; Ruprecht, Benedikt; Onali, Enrico; … - 2014
We use a unique dataset with bank clients’ security holdings for all German banks to examine how macroeconomic shocks … credit-supply shocks which arise from reductions in borrowing abilities during bank distress. We document heterogeneous …-supply shocks at the bank level (caused by bank distress) result in lower concentration, for both households and non …