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Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-09

Adrian, Tobias - 2012

The financial crisis of 2007-09 has sparked keen interest in models of financial frictions and their impact on macro activity. Most models share the feature that borrowers suffer a contraction in the quantity of credit. However, the evidence suggests that although bank lending contracted during...

Persistent link: https://www.econbiz.de/10013113163

Does your neighbour know you better? : the supportive role of local banks in the financial crisis

Barboni, Giorgia; Rossi, Carlotta - In: Journal of banking & finance 106 (2019), pp. 514-526

Persistent link: https://www.econbiz.de/10012224345

Who pays for financial crises? : price and quantity rationing of publicly-listed and privately-held borrowers

Berger, Allen N.; Makaew, Tanakorn; Turk Ariss, Rima - In: Review of corporate finance 3 (2023) 3, pp. 275-327

Persistent link: https://www.econbiz.de/10014364527

Global credit shocks and real economies

Herwartz, Helmut; Ochsner, Christian; Rohloff, Hannes - 2021

We estimate the marginal effects of identified components of global liquidity on 43 real economies. To this end, we employ global public and private credit components of Herwartz, Ochsner, and Rohloff (2021) in factor-augmented vector-autoregressions to trace credit shocks through the real...

Persistent link: https://www.econbiz.de/10012543597

Do Credit Market Shocks Affect the Real Economy? Quasi-Experimental Evidence from the Great Recession and 'Normal' Economic Times

Greenstone, Michael - 2018

Using comprehensive data on bank lending and establishment-level outcomes from 1997-2011, this paper fails to find evidence in favor of the hypothesis that the small business lending channel is an important determinant of small business or overall economic activity. The shift-share style...

Persistent link: https://www.econbiz.de/10012938607

Bläs, Barno - 2011

-financial corporations in Germany during the recent financial crisis. We use a panel approach based on a unique data set which matches the … Survey ; credit supply ; panel data ; financial crisis ; Germany …

Persistent link: https://www.econbiz.de/10009424914

Blaes, Barno - 2016

-financial corporations in Germany during the recent financial crisis. We use a panel approach based on a unique data set which matches the …

Persistent link: https://www.econbiz.de/10012991014

Securities trading by banks and credit supply : micro-evidence from the crisis

Abbassi, Puriya; Iyer, Rajkamal; Peydró, José-Luis; … - In: Journal of financial economics 121 (2016) 3, pp. 569-594

Persistent link: https://www.econbiz.de/10011590864

Corporate investment decisions under political uncertainty

Riem, Marina - 2016

I investigate how political uncertainty influences corporate investment decisions employing a unique panel dataset of … German manufacturing firms. I use data on firms' self-reported investment realizations, plans and revisions. The firm … government policies firms are faced with. I therefore augment the neo-classical investment model by a measure of political …

Persistent link: https://www.econbiz.de/10011539894

Essays on the behavior of firms and politicians

Riem, Marina - 2017

influences corporate investment decisions employing data on firms' self-reported investment realizations, plans and revisions …. The results show that realized investment ratios decreased in years when state elections occurred relative to the average … investment ratio in years with no state election. Firms however seem to anticipate electoral uncertainty already when making …

Persistent link: https://www.econbiz.de/10011741962