examines the implications for firm productivity of adverse shocks to bank lending in Italy, using a novel identification scheme …The Italian economy has been struggling with low productivity growth and bank balance sheet strains. This paper … borrowers in distress, and find that a negative shock to bank credit supply reduces firms' loan growth, investment, capital …

examines the implications for firm productivity of adverse shocks to bank lending in Italy, using a novel identification scheme …The Italian economy has been struggling with low productivity growth and bank balance sheet strains. This paper … borrowers in distress, and find that a negative shock to bank credit supply reduces firms' loan growth, investment, capital …

paper is to organize and summarize studies examining the role of GDP growth and its impact on bank loan quality. This … a favourable economic environment. Far less frequently, the macroeconomic activity leads to future bank losses …

natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …We provide evidence that a weak banking sector has contributed to low productivity growth following the European … the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012. …