Showing 1 - 10 of 274,464
bank- rm level credit data, we show that banks reallocate credit within their domestic loan portfolio in at least three … the transmission of the funding shock to credit supply by 22, 8 and 10%,respectively …This paper provides evidence on the strategic lending decisions made by banks facing a negative funding shock. Using …
Persistent link: https://www.econbiz.de/10012101160
bank-firm level credit data, we show that banks reallocate credit within their loan portfolio in at least three different … transmission of the funding shock to credit supply by 22, 8 and 10%, respectively. …This paper provides evidence on the strategic lending decisions made by banks facing a negative funding shock. Using …
Persistent link: https://www.econbiz.de/10011975399
Persistent link: https://www.econbiz.de/10012194887
bank-firm level credit data, we show that banks reallocate credit within their loan portfolio in at least three different … transmission of the funding shock to credit supply by 22, 8 and 10 %, respectively. …This paper provides evidence on the strategic lending decisions made by banks facing a negative funding shock. Using …
Persistent link: https://www.econbiz.de/10012141551
bank-firm level credit data, we show that banks reallocate credit within their loan portfolio in at least three different … transmission of the funding shock to credit supply by 22, 8 and 10%, respectively. …This paper provides evidence on the strategic lending decisions made by banks facing a negative funding shock. Using …
Persistent link: https://www.econbiz.de/10012142074
employment effects of a decline in bank credit, investigating individual heterogeneity across firms, workers and jobs in response … to a financial shock. We use a rich data set of over 1.5 million individual job contracts in an Italian region, which is … matched with the universe of firms and their lending banks. To isolate the effect of the financial shock we construct a firm …
Persistent link: https://www.econbiz.de/10012959325
of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm …-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of the reduction in employment …
Persistent link: https://www.econbiz.de/10012960568
We investigate the importance of firm-bank relationships for the international transmission of bank distress to the … of firms partially offset reduced credit supply by resorting to alternative financing sources …
Persistent link: https://www.econbiz.de/10012839598
How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …
Persistent link: https://www.econbiz.de/10011958806
risks. In our model, interbank markets play a different role. We argue that lending to another bank can reduce a bank …'s funding liquidity, boosting credit supply to nonbanks. However, diversification comes at an endogenous cost that depends on … bank-specific factors of interbank borrower and lender. The model provides a framework for understanding the importance of …
Persistent link: https://www.econbiz.de/10012865583