dabei die Entwicklung in den letzten 15 Jahren in den Blick. Frühere Studien für Deutschland weisen darauf hin, dass das … give a bird view of the evolution during the past 15 years. Previous studies on Germany point to a banking system dominated …

, bank intermediation dominates. However, fragile, capital-constrained banks also meant a curtailed supply of funds, an issue … especially for bank-dependent small or medium-sized firms (SMEs). Hence, it appears more than evident that easing the access to … euro area economies, those worst hit. There might, however, be structural (economic) reasons why SMEs prefer (local) bank …