institutional and legal environment they operate in. We employ the most recent wave of the EIB's Bank Lending Survey. The survey is …

estimations on up to 119 non- OECD countries for 1980-2006. Financial intermediation, in particular commercial banking, has a …

ability of a bank to restructure the borrower's firm in the case of distress, the possibility to appropriate private benefits …

credit crunch. Evidence of an increased sovereign-bank nexus highlights risks to macro-financial stability, especially as …

Germany's capital market relies on bank-intermediated products and not so much on capital market processes. Two of the … pillars in Germany's three-pillar banking system, the savings banks and the cooperative banks, have special statutes and are … public guarantees. In the financing of firms, bank credits are far more important relative to market products - equity and …

Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …

Using newly collected data from the EIB Bank Lending Survey, carried out by the EIB with support from the Central Bank …, but Covid-19 has been a game-changer for various aspects of banking, including operational activities, with strong push …