of the extensive access of East German firms to development bank finance, evidence is provided that the financial system … neuer Unternehmen zur Finanzierung ihrer Investitionen. In dem Papier wird dargelegt, wie die Kombination von früher …

finance premium, while a BGG model generates too low volatility. The full model also matches the procyclicality of bank …

neutral. Furthermore, when controlling for the sectoral allocation of financing, no specific instrument - e.g. bank credit or …