contraction of funds available through credit lines and reduced investment and employment. These dampening effects are explained …We analyze the credit supply and real sector effects of bank bail-ins by exploiting the unexpected failure of a major … Portuguese bank and subsequent resolution. Using a matched firm-bank dataset on credit exposures and interest rates, we show that …

augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the … more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

In this paper we investigate to what extent firm investment in transition countries is sensitive to internal finance … Bulgaria and Romania are less sensitive to internal financing constraints, in contrast to firms in Poland and the Czech …

This study examines the consequences of loan denials for the investment performance of small and medium-sized German … investment than non-innovative companies. The non-randomness of loan denials is controlled for with a selection equation …

We show that supply-side financial shocks have a large impact on the investment decisions of firms. We do this by … developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank … bank loan supply net of borrower characteristics and general credit conditions - can have large impacts on aggregate loan …

The aim of this paper is to empirically analyse the effects of governmentally promoted credit access on the investment … behaviour of credit rationed farmers. This is done by specifying an empirical investment equation which is estimated on a cross … is used to analyse the determinants of credit access and estimate the marginal effect of credit on investment, which in …

Banks often have to determine the credit worthiness, i.e. the ability to repay the loan, of their customers ex … sein, einen Kredit zu gewähren, wenn das Diagnosesignal negativ ist. …

secondary credit sources, econometric household modelling, and the econometric analysis of dynamic investment decisions. The … Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv hohen, messbaren Transaktionskosten auf …Empirical analysis of rural credit market failure has been of key scientific and political interest in recent years …

von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert … chosen the approach of Sachs/Tornell/Velasco (1996), which we have modified and extended by incorporating credit rationing …