Showing 1 - 10 of 15,077
As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks … crisis, in a context of financial market stress and weak bank balance sheets, unconventional monetary policy measures have … non-standard measures were successful in stimulating lending and which bank business models were more strongly affected …
Persistent link: https://www.econbiz.de/10012009071
We examine the impact of bank competition on firms' access to credit using a large panel of 900 banks matched to almost … hypothesis whereby low inter-bank competition worsens firms' credit conditions. Specifically, we find that higher bank market … power is associated with lower short and long-term bank credit, higher reliance on trade credit and higher funding costs for …
Persistent link: https://www.econbiz.de/10012897968
hampered the smooth transmission of accommodative monetary policy. Using bank level data from 2007 to 2015, we directly measure … bank in the same month for loans to small and large firms (the "Small Firm Financing Premium", SFFP). We assess the role … played by both bank and macroeconomic factors in explaining the variation in the SFFP across countries and through time. We …
Persistent link: https://www.econbiz.de/10011697389
stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the …
Persistent link: https://www.econbiz.de/10012954808
This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in … strong determinants of credit rejections, in the crisis period bank weakness made it harder to obtain external finance for …
Persistent link: https://www.econbiz.de/10012150099
We analyse micro and macro drivers of coverage ratios in a cross–country sample of euro area banks. Among the former, we find that coverage ratios increase with the reliance on deposit funding and when asset quality is very poor. Among the latter, coverage ratios increase with GDP growth and...
Persistent link: https://www.econbiz.de/10012058355
Union (EMU) banking sector. The paper's central hypothesis that capital adequacy of the EMU banking sector influenced credit …, the sub-hypothesis that higher capital adequacy resulted in negative credit growth was supported for the crisis period. We …
Persistent link: https://www.econbiz.de/10014316648
the European Union member states that have large penetration of bank credit. Building on the model of financially open … increase in private bank credit relative to the gross domestic product (GDP) and the gap between real interest rate and GDP …
Persistent link: https://www.econbiz.de/10012054552
show a shock to the marked-to-market (MTM) value of bank exposures to sovereign debt led to credit tightening in 2010 …I investigate whether bank exposures to sovereign debt during the European debt crisis affected the real economy. I … to market, I explore the transmission channels of the unrealized losses on credit supply. I show that a shock to MTM …
Persistent link: https://www.econbiz.de/10012970840
The euro area bank lending survey (BLS) serves as an important tool in the analysis of bank lending conditions in the … euro area and across euro area countries, providing otherwise unobservable qualitative information on bank loan demand and … and has become of key importance for the analysis and assessment of bank lending conditions in the euro area and at the …
Persistent link: https://www.econbiz.de/10012982484