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This paper analyses the determinants of firm participation in the Swiss COVID-19 loan programme, which aims to bridge firms’ liquidity shortfalls that have resulted from the pandemic. State-guaranteed COVID-19 loans are widely used by Swiss firms, with 20% of all firms participating, resulting...
Persistent link: https://www.econbiz.de/10012601871
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment …
Persistent link: https://www.econbiz.de/10012130309
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment …
Persistent link: https://www.econbiz.de/10011785728
Persistent link: https://www.econbiz.de/10012514943
Persistent link: https://www.econbiz.de/10014365895
Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian manufacturing sector, contributing nearly a third of India's GDP and providing employment to over 110 million workers. Beginning on the 25th of March 2020, the Government of India has imposed one of the strictest...
Persistent link: https://www.econbiz.de/10012832475
To measure the real effects of credit-supply disruptions during financial crises, we develop a quantitative model of firm investment and debt that features firm heterogeneity and financial frictions. We apply this framework to a novel, census-type panel dataset for manufacturing firms and find...
Persistent link: https://www.econbiz.de/10012852053
how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …
Persistent link: https://www.econbiz.de/10012518247
Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …
Persistent link: https://www.econbiz.de/10011795014
, even in a within-bank analysis. Second, we develop a model of PPP allocation through banks that is consistent with the data …. We show that research designs based on bank or regional shocks in PPP disbursement, common in the empirical literature …, cannot directly identify the overall effect of the program. Bank targeting implies that these designs can, at best, recover …
Persistent link: https://www.econbiz.de/10012705071