Welche Bedeutung haben Bankkredite für Unternehmensinvestitionen? Eine gemeinsame Studie des DIW Berlin, der Universität Hohenheim und der Freien Universität Berlin zeigt, dass ein Rückgang des Kreditangebots der Hausbanken zu einer geringeren Fremdkapitalaufnahme von Unternehmen führt....

In this study, we aim to assess the relevance of credit composition to entrepreneurship empirically in light of the Schumpeterian perspective. The results of such an analysis can imply whether central banks should continue with the so-called neutrality principle or undertake an active credit...

Die regulatorische Vorzugsbehandlung von Staatsanleihen steht zunehmend in der Kritik. Banken müssen für die staatlichen Verbindlichkeiten nach wie vor kein Eigenkapital vorhalten, und Restriktionen für Großkredite gibt es nicht. Diese Sonderbehandlung privilegiert die staatlichen Gläubiger...

The existing literature suggests that economic institutions determine the allocation of resources for economic growth. As an important counterexample, although China has one of the world’s fastest-growing economies, its legal and financial systems are underdeveloped. With evidence from China,...

This paper quantitatively accounts for the cyclical dynamics of key macroeconomic housing and mortgage market variables using a tractable, searchtheoretic model of housing with equilibrium mortgage default. To explain these dynamics, the model highlights the importance of liquidity spirals that...

The article aims at comparative analysis of the nature and dimensions of credit rationing on the grounds of theory of finance. The paper identifies the essence of credit rationing through the prism of its most important endogenous and exogenous prerequisites, assuming the lack of adequate...

We analyze small business lending at U.S. commercial banks, how it has changed over time and how it differs by bank size. Specifically, we examine the impact of government policy intervention on small business lending in the aftermath of the financial crisis. We find several important results....

Given ongoing financial disintermediation and the need for central banks to establish interest rate corridors, commercial banks have increasingly enriched their asset allocation choices, forming an allocation pattern that combines traditional credit assets (loans) and financial assets (interbank...

This study examines the link between bank restructuring and bank efficiency in Vietnamese banks employing the Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) approach. The data sample includes 26 commercial banks over the period 1999-2015. Our finding indicates that...

Der seit vielen Jahren zu beobachtende Trend abnehmender nominaler und realer Zinssätze in den wichtigsten Industrieländern ist im Euroraum und in Deutschland zuletzt in ein historisch beispielloses Umfeld niedrigster und negativer Zinsen gemündet. Eher als auf eine vermeintliche...