EU-guaranteed loans to SMEs disbursed in France during the years 2002 to 2016. The study estimates the average treatment …-in-difference estimation, coarsened exact matching and propensity score analysis. On average, French SMEs benefitting from EU-guaranteed loans … significance of the effect is typically stronger for smaller and younger firms. Beneficiary SMEs also experienced 5% lower default …

This paper studies the effects of the bank capital requirements imposed by the European authorities in October 2011 on … loan collateral and personal guarantees usage to enhance capital ratios. We use detailed information on the loan contracts … granted by a representative Spanish bank and several subsidiaries to nonfinancial corporations around that date. We document …

A unique legal reform in 2004 in Sweden redistributed collateral rights from banks holding floating liens to unsecured …, we document that a zero-sum redistribution of collateral rights and the resulting reduction in collateral capacity …