Delis, Manthos D.; Kouretas, Georgios P.; Tsoumas, Chris - In: Journal of Banking & Finance 38 (2014) C, pp. 1-13
We examine the lending behavior of banks during anxious periods. The main characteristic of anxious periods is that the perceptions and expectations about economic conditions worsen for economic agents even though the economy is not in a recession. We identify distinct periods of anxiety for...