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After the inception of the euro, the real economy in most member countries remained dependent on credit by domestic …
Persistent link: https://www.econbiz.de/10012656056
Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in …
Persistent link: https://www.econbiz.de/10012119808
We show that illiquid assets such as bank loans are used by euro area banks both as central bank collateral for short-term liquidity insurance purposes and for longer-term funding purposes for issuing covered bonds or asset-backed securities. We then explore the determinants of the choice of...
Persistent link: https://www.econbiz.de/10011635012
Finanzsystems zu sichern. -- Financial structure ; financial integration ; credit growth ; financial crisis …
Persistent link: https://www.econbiz.de/10003849952
Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital flows, especially during disasters such as wars, financial crises and natural catastrophes. We assemble the first comprehensive long-run dataset of official...
Persistent link: https://www.econbiz.de/10012233649
Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital flows, especially during disasters such as wars, financial crises and natural catastrophes. We assemble the first comprehensive long-run dataset of official...
Persistent link: https://www.econbiz.de/10012261746
This paper provides insights into the determinants of currency choice in cross-border bank lending, such as bilateral distance, financial and trade linkages to issuer countries of major currencies, and invoicing currency patterns. Cross-border bank lending in US dollars, and particularly in...
Persistent link: https://www.econbiz.de/10014507151
Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
Persistent link: https://www.econbiz.de/10009572988
economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and …
Persistent link: https://www.econbiz.de/10011286667
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 … the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery …
Persistent link: https://www.econbiz.de/10012150099