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The Main Street Lending Program was created to support credit to small and medium-sized businesses and nonprofit organizations that were harmed by the pandemic, particularly those that were unsupported by other pandemic-response programs. It was the most direct involvement in the business loan...
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The Netherlands Authority for Consumers and Markets (ACM) has concluded that competition in the market for SME loans … competitive pressure. Market for SME loans:Most of the loans to SMEs are taken out from the three major Dutch banks: ABN AMRO, ING … the banks' profit margins on SME loans have increased over the past few years. This is an indication of reduced …
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We investigate whether government credit guarantee schemes, extensively used at the onset of the Covid-19 pandemic, led to substitution of non-guaranteed with guaranteed credit rather than fully adding to the supply of lending. We study this issue using a unique euro-area credit register data,...
Persistent link: https://www.econbiz.de/10012698226
This paper shows that the liability classes most likely to exhibit evidence of market discipline during the recent financial crisis were uninsured depositors, insured depositors, and general creditors. We evaluate the FDIC's expectations about losses to creditors at banks that failed between...
Persistent link: https://www.econbiz.de/10013048959
Large banks derive a funding advantage from being too-big-to-fail, while small banks do not. To estimate the funding advantage we explain the CDS spreads of small banks in six major European countries during the crisis by market fundamentals and bank-specific characteristics. Next, we...
Persistent link: https://www.econbiz.de/10013056481
In the distribution of the Paycheck Protection Program’s (PPP) $780 billion in funds, FinTech lenders began minimally but ramped up their market share to over 70% of originated loans by April 2021. We examine metrics related to potential misreporting including non-registered businesses,...
Persistent link: https://www.econbiz.de/10013215576