factor. The pull factor captures flows of bank loans to the domestic non-financial private sector. An increase in these flows … of claims of domestic banks on debtors in other euro-area countries, and an increase is expected to lead to higher … less clear-cut. The paper also shows that variations in the flows of bank loans to the non-financial private sector (i …

I address the following issue in this paper: how does information sharing among banks about borrowers affect banks … sharing among banks reduces lenders' risk and results in lower lending rates than any other arrangement. This may be the … rates than any other form of information sharing under fairly general conditions. Despite its lucrative features, banks are …

is likely to boost SME export activities by widening access to bank financing and reducing financial constraints. …-sized enterprises (SME) between 1998 and 2013, this article examines the manner in which firms manage to finance their export activities … and short-term debt financing are stronger for export- intensive firms and firms that serve distant and risky export …

service sector participate in this trade. Although only 14 % of SMEs in the service sector export, they contribute a higher … percentage share to the sector's total export volume than SMEs in the manufacturing sector. Services are predominantly traded …Der Dienstleistungshandel Deutschlands hat seit 2001 erheblich zugenommen. Inwieweit KMU des Dienstleistungssektors am …

recipients are less likely than whiteowned recipients to borrow from banks and more likely to borrow from fintech lenders is … less likely than white-owned firms to apply to banks and 7.8 percentage points more likely to apply to fintechs. However …, they face similar average approval disparities at banks (7.4 percentage points) and fintechs (8.4 percentage points …

Im Zeitraum 2009 bis 2011 waren rd. 1,3 Mio. Unternehmen aus Deutschland, zu 99 % KMU, international aktiv. Damit … Unternehmen erwogen eine Ausweitung bereits bestehender Auslandsaktivitäten und gut 20% die erstmalige Aufnahme einer (Export …In the period from 2009 to 2011, some 1.3 million German enterprises (thereof 99 % SMEs) were directly engaged in …

access to credit for small and medium-size enterprises (SMEs). The most direct consequence of the reform is to reduce in the … reduce the aggregate investment by SMEs in a more than proportional way, since it will restrict the access to credit for some … intermediated finance, coeteris paribus. In order to assess the effects of the reform on the investment of SMEs and on the cost of …

than every second SME with an annual turnover of more than 2 million EUR is engaged in the export business. Thereby, SMEs …Der internationale Waren- und Dienstleistungshandel hat für deutsche KMU eine große Bedeutung. Die Ausfuhren und … waren mindestens 345.000 KMU als Exporteure und 512.000 als Importeure tätig. Insgesamt gut 11 % aller Unternehmen werden …

Unterstützung durch regionale Behörden und Organisationen sind von Bedeutung. Eine regionale Politik, die die Präsenz der KMU auf …