Beck, Thorsten; Bednarek, Peter; Kaat, Daniel Marcel te; … - 2021
lending can be explained by a shift in credit towards both export-intensive firms and small banks without foreign asset … exposure that have a higher share of exporting firms in their credit portfolio. We also find that German regions where these … reallocation effects are stronger experience higher output growth. In economic terms, we show that such regions grow by 1 …