Bending, Tim; Berndt, Markus; Betz, Frank; Brutscher, … - 2014
. This paper provides an overview of the drivers of the stagnation of bank lending in Europe and discuss four main areas of … opportunity for mitigating potential bank lending constraints: the further development of direct capital market financing … alternatives for firms, the further development of securitisation, wider use of credit guarantee schemes and actions to address …