Ongena, Steven; Peydró, José-Luis; Horen, Neeltje van - In: IMF Economic Review 63 (2015) 4, pp. 698-750
We study the international transmission of shocks from the banking to the real sector during the global financial crisis. For identification, we use matched bank-firm level data, covering mainly small and medium-sized firms in Eastern Europe and Turkey, and exploit the Lehman failure. We find...