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External financing and economic activity in the euro area : why are bank loans special?

Aldasoro, Iñaki; Unger, Robert - 2017

Using a Bayesian vector autoregression (BVAR) identified with a mix of sign and zero restrictions, we show that a restrictive bank loan supply shock has a strong and persistent negative impact on real GDP and the GDP deflator. This result comes about even though flows of other sources of...

Persistent link: https://www.econbiz.de/10011632175

Does relationship lending help firms to ask for credit? : European cross-country evidence

Bertrand, Jérémie; Delanghe, Marieke; Klein, Paul-Olivier - In: Economic modelling 124 (2023), pp. 1-16

Persistent link: https://www.econbiz.de/10014463285

Cyclicality of SME lending and government involvement in banks

Behr, Patrick; Foos, Daniel; Norden, Lars - 2015

on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs …

Persistent link: https://www.econbiz.de/10011391616

Support for the SME supporting factor : multi-country empirical evidence on systematic risk factor for SME loans

Dietsch, Michel; Düllmann, Klaus; Fraisse, Henri; … - 2016

consistency of own funds requirements with the riskiness of SME. In both the French and the German sample, results suggest that … the relative differences between the capital requirements for large corporates and those for SME (in other words the … capital relief for SME) are lower in the Basel III framework than implied by empirically estimated asset correlations. Results …

Persistent link: https://www.econbiz.de/10011564456

Macro-scaled microcredit and constraints on household business development : evidence from northern Thailand

Archawa Paweenawat; Narapong Srivisal - 2021

Persistent link: https://www.econbiz.de/10012655433

The impact of German public support transfers on firm finance : evidence from the Covid-19 crisis

Gärtner, Leo; Marek, Philipp - 2022

The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...