on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs … maximization and a sustainable provision of financial services to local customers. We find that banks with a public mandate are 25 … percent less cyclical than other local banks. The result is credit supply-side driven and especially strong for savings banks …

of claims of domestic banks on debtors in other euro-area countries, and an increase is expected to lead to higher …

After the collapse of Lehman Brothers, a rapid and far-reaching shrinkage of international banks’ assets with a focus …

transforms existing financial claims against ultimate borrowers that have been originated by traditional banks. Based on … non-financial private sector had been originated by shadow banks. Consequently, dampening credit creation by the …

one banking relationship as long as they account for only a small share of the total loan volume of their banks. The …