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By adopting a difference-in-differences specification combined with propensity score matching, I provide evidence using the microdata of German banks that stateowned savings banks have lent less than credit cooperatives during the COVID-19 crisis. In particular, the weaker lending effects of...
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two structural features of Germany's banking landscape: the local segmentation of credit markets for small and medium … medium firms in Germany and also have an explicit mandate to lend to the local public sector. With spreads on local …
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directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state …
Persistent link: https://www.econbiz.de/10013149804
By adopting a difference-in-differences specification combined with propensity score matching, we provide evidence using the microdata of German banks that state-owned savings banks have lent less than credit cooperatives during the COVID-19 crisis. In particular, the weaker lending effects of...
Persistent link: https://www.econbiz.de/10013307451
The German state banks - or Landesbanks - are not only some of the largest banks in Germany but are also a dominant …
Persistent link: https://www.econbiz.de/10014473811