After the inception of the euro, the real economy in most member countries remained dependent on credit by domestic banks, which increasingly funded themselves through cross-border interbank funding. We find that this pattern of 'double-decker' banking integration exposed domestic banks to sharp...

Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in countries where firms borrowed more from domestic banks ("domestic bank dependence") than in countries where firms borrowed more from international banks. Eurozone banking...

After the inception of the euro, the real economy in most member countries remained dependent on credit by domestic banks, which increasingly funded themselves through cross-border interbank funding. We find that this pattern of 'double-decker' banking integration exposed domestic banks to sharp...

Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in countries where firms borrowed more from domestic banks (“domestic bank dependence”) than in countries where firms borrowed more from international banks. Eurozone banking...

The purpose of this study is to describe and examine the development of SMEs in Ukraine and Indonesia based on productivity factors of SMEs development measured SMEs contribution to the country's GDP. The study is based on data from 2000 to 2014, on number of SMEs, contribution of SMEs to GDP,...

The purpose of this study is to describe and examine the development of SMEs in Ukraine and Indonesia based on productivity factors of SMEs development measured SMEs contribution to the country's GDP. The study is based on data from 2000 to 2014, on number of SMEs, contribution of SMEs to GDP,...