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From financial to real economic crisis : evidence from individual firm-bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015 - This version: September 25, 2015
transmission of bank distress to the real economy—in particular, to real investment and labor employment by nonfinancial firms. We … supply downsize their real investment and labor employment significantly. This effect islarger for firms that are unable to …
Persistent link: https://www.econbiz.de/10011339776
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From financial to real economic crisis : evidence from individual firm-bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015 - First version: February 14, 2015, This version: September 25, 2015
transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms … supply downsize their real investment and labor employment significantly. This effect is larger for firms that are unable to …
Persistent link: https://www.econbiz.de/10011346644
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From financial to real economic crisis: Evidence from individual firm-bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015
transmission of bank distress to the real economy-in particular, to real investment and labor employment by nonfinancial firms. We … supply downsize their real investment and labor employment significantly. This effect islarger for firms that are unable to …
Persistent link: https://www.econbiz.de/10011341079
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Bankkredite wichtig für Unternehmensinvestitionen
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - In: DIW Wochenbericht 82 (2015) 40, pp. 899-903
How important are bank loans for corporate investment? A joint research paper by DIW Berlin, University of Hohenheim … their credit supply. As a consequence, firms have to downsize their investment spending and labor employment. This way, bank … distress spills over to the real economy. However, the reduction in investment is smaller than the reduction in banks' credit …
Persistent link: https://www.econbiz.de/10011341111
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From financial to real economic crisis: Evidence from individual firm-bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015
transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms … supply downsize their real investment and labor employment significantly. This effect is larger for firms that are unable to …
Persistent link: https://www.econbiz.de/10011345586
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From Financial to Real Economic Crisis : Evidence from Individual Firm-Bank Relationships in Germany
Dwenger, Nadja - 2015
transmission of bank distress to the real economy — in particular, to real investment and labor employment by non-financial firms … supply downsize their real investment and labor employment significantly. This effect is larger for firms that are unable to …
Persistent link: https://www.econbiz.de/10013014463
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From Financial to Real Economic Crisis : Evidence from Individual Firm-Bank Relationships in Germany
Dwenger, Nadja - 2015
transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms … supply downsize their real investment and labor employment significantly. This effect is larger for firms that are unable to …
Persistent link: https://www.econbiz.de/10013013718
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From financial to real economic crisis : evidence from individual firm–bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015
Persistent link: https://www.econbiz.de/10011387814
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Fragile new economy : the rise of intangible capital and financial instability
Li, Ye - 2019
Intangible-intensive firms in the U.S. hold an enormous amount of liquid assets that are in fact short-term debts issued by financial intermediaries. This paper builds a macro-finance model that captures this structure. A self-perpetuating savings glut emerges in equilibrium. As intangibles...
Persistent link: https://www.econbiz.de/10011976210
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Investment Slumps During Financial Crises : The Real Effects of Credit Supply
Fakos, Alexandros - 2020
firm investment and debt that features firm heterogeneity and financial frictions. We apply this framework to a novel … was responsible for 9-36% of the drop in corporate investment after controlling for changes in investment opportunities … policies of fiscal stimulus or debt forgiveness for boosting corporate investment …
Persistent link: https://www.econbiz.de/10012852053