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In Europe, the balance between publicly owned and privately owned financial institutions varies through time and from country to country. Historically, nationalisations and privatisations have moved the balance backwards and forwards. So has the recent financial crisis. Mathias Schmit, Laurent...
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The paper uses a panel of more than 1m German firms over 2010-2016, to provide the first firm-bank level evidence of … interest rates can adversely affect bank lending and firm performance. They also illustrate how negative multiplier effects …
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