Bremus, Franziska; Neugebauer, Katja - In: Journal of International Money and Finance 80 (2018), pp. 35-58
This paper investigates how the withdrawal of banks from their cross-border business impacted the borrowing costs of European firms since the crisis. We combine aggregate information on total and cross-border credit with firm-level survey data for the period 2010–2014. We find that the decline...