Flooded through the back door : firm-level effects of banks' lending shifts

Oliver Rehbein

I show that natural disasters transmit to firms in non-disaster areas via their banks. This spillover of non-financial shocks through the banking system is stronger for banks with less regulatory capital. Firms connected to a disaster-exposed bank with below median capital reduce their employment by 11% and their fixed assets by 20% compared to firms in the same region without such a bank during the 2013 flooding in Germany. Relationship banking and higher firm capital also mitigate the effects of such negative cross-regional spillovers.

MoreLess

Year of publication:	[09. Februar 2018]
Authors:	Rehbein, Oliver
Publisher:	Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
Subject:	natural disaster \| real effects \| shock transmission \| bank capital \| Überschwemmung \| Flood \| Schock \| Shock \| Spillover-Effekt \| Spillover effect \| Bankenliquidität \| Bank liquidity \| Eigenkapital \| Equity capital \| Deutschland \| Germany

freely available

Full text |

More access options

nbn-resolving.de

www.iwh-halle.de

nbn-resolving.de

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (III, 74 Seiten, 4,48 MB) Diagramme
Series:	IWH-Diskussionspapiere. - Halle, S. : IWH, ISSN 2194-2188, ZDB-ID 2836591-4. - Vol. 2018, no. 4 (February 2018)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/174866 [Handle]
Classification:	E24 - Employment; Unemployment; Wages ; E44 - Financial Markets and the Macroeconomy ; G21 - Banks; Other Depository Institutions; Mortgages ; G29 - Financial Institutions and Services. Other
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011790353