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Social capital is a key factor affecting the functioning of financial markets (Guiso, Sapienza and Zingales, 2004). However, the estimation of the effect of social capital on credit markets is notoriously difficult. In this paper we exploit the recent Lehman Brothers crisis and a rich dataset to...
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Fast jede zweite Familie in Deutschland hat einen Teil ihres Vermögens verloren, weil sie den unsicheren oder gar …
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access traditional bank lending. Using European firm-level data on SME access to finance since the onset of the financial …
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We exploit uncertainty regarding banks' involvement in money laundering activities as a natural experiment to study the functioning of the interbank market in uncertain times. We show that bank couples with a stronger relationship (i.e., more frequent and reciprocal interactions before the...
Persistent link: https://www.econbiz.de/10012894133