decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks' financial …This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment … Belgian economy, clearly highlight that credit matters. They show that SMEs borrowing money from pre-crisis financially less …

analyzes whether banks can support firms' export by reducing informational asymmetries about foreign markets. We exploit a … higher probability of starting export in countries where the consolidated bank has a foreign branch, which proxies for the …The lack of information is a relevant obstacle to the export activity of small and medium enterprises. This paper …

-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We … exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010 …

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …