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An Analysis of the Effects of the Severance Payment Reform on Credit to Italian SMEs
Calcagno, Riccardo; Kraeussl, Roman; Monticone, Chiara - 2008
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 …
Persistent link: https://www.econbiz.de/10010325713
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The Effect of Banking Regulation on Cross-Border Lending
Hainz, Christa; Fidrmuc, Jarko - 2012
Persistent link: https://www.econbiz.de/10010312068
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Macroeconomic fluctuations and bank lending: evidence for Germany and the euro area
Eickmeier, Sandra; Hofmann, Boris; Worms, Andreas - 2006
This paper analyzes how bank lending to the private nonbank sector responds dynamically to aggregate supply, demand and monetary policy shocks in Germany and the euro area. The results suggest that the dynamic responses in the two areas are broadly similar, although there are some differences in...
Persistent link: https://www.econbiz.de/10010295823
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German bank lending during emerging market crises: A bank level analysis
Heid, Frank; Nestmann, Thorsten; di Mauro, Beatrice Weder; … - 2004
This paper studies German bank lending during the Asian and Russian crises, using a bank level data set, which has been compiled from credit data at the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending during financial crises in emerging markets. We...
Persistent link: https://www.econbiz.de/10010295891
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Do banks diversify loan portfolios? A tentative answer based on individual bank loan portfolios
Kamp, Andreas; Pfingsten, Andreas; Porath, Daniel - 2005
Theory of financial intermediation gives contradicting answers to the question whether banks should diversify or focus their loan portfolios. Our aim is to find out which of the two strategies is predominant in the German banking market. To this end we measure diversification for all German...
Persistent link: https://www.econbiz.de/10010295896
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Heterogeneity in lending and sectoral growth: evidence from German bank-level data
Schertler, Andrea; Buch, Claudia M.; von Westernhagen, … - 2006
This paper studies the sectoral and geographical dimensions of the response of bank lending to sectoral growth. We use several bank-level datasets provided by the Deutsche Bundesbank for the 1996-2002 period. Our results show that bank heterogeneity affects how lending responds to domestic...
Persistent link: https://www.econbiz.de/10010295913
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Diversification and the banks' risk-return-characteristics: evidence from loan portfolios of German banks
Behr, Andreas; Kamp, Andreas; Memmel, Christoph; … - 2007
Banks face a tradeoff between diversifying and focusing their loan portfolio. In this paper we carry out an empirical study for the German market to shed light on the question whether or not the benefits of risk sharing outweigh those of specialization. We use data from the Bundesbank's...
Persistent link: https://www.econbiz.de/10010295924
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From soft and hard-nosed bankers: bank lending strategies and the survival of financially distressed firms
Höwer, Daniel - 2009
Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...
Persistent link: https://www.econbiz.de/10010299467
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Do specialization benefits outweigh concentration risks in credit portfolios of German banks?
Böve, Rolf; Düllmann, Klaus; Pfingsten, Andreas - 2010
Lending specialization on certain industry sectors can have opposing effects on monitoring (including screening) abilities and on the sectoral concentration risk of a credit portfolio. In this paper, we examine in the first part if monitoring abilities of German cooperative banks and savings...
Persistent link: https://www.econbiz.de/10010303636
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Bank lending to emerging markets: Crossing the border
Lubin, David - 2002
This paper has two aims. The first is to provide some explanation for the extraordinary collapse in cross-border bank lending to developing countries which has taken place since 1997. The second is to argue that it might be too simplistic to characterize banks’ behaviour in the past few years...
Persistent link: https://www.econbiz.de/10010279029