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Lending to unhealthy firms in Japan during the Lost Decade : distinguishing between technical and financial health

Chakraborty, Suparna; Peek, Joe - 2016 - This version: December 2016

Japan, commonly known as the "Lost Decade," although it extended well beyond 10 years. The conventional wisdom appears to be … credit in Japan associated with banks' evergreening loans, distinguishing between financial distress, which may be temporary …

Persistent link: https://www.econbiz.de/10011590342

Fear the walking dead? : zombie firms in the euro area and their effect on healthy firms' credit conditions

Havemeister, Lea Katharina; Horn, Kristian - 2023

Zombie firms may adversely impact healthy firms through several transmission channels. Besides real spillover effects on productivity or investment, zombies may also cause negative financial spillover effects, where zombies receive credit at more favourable conditions than healthy firms. We...

Persistent link: https://www.econbiz.de/10014309045

Financial stability policies and bank lending : quasi-experimental evidence from Federal Reserve interventions in 1920-21

Rieder, Kilian - 2020

I estimate the comparative causal effects of monetary policy "leaning against the wind" (LAW) and macroprudential policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was still decentralized, four Federal Reserve Banks...

Persistent link: https://www.econbiz.de/10012318753

Nice to be on the A-List

Hamao, Yasushi; Kutsuna, Kenji; Peek, Joe - 2012

the A-list matters even more, consistent with a Too Connected To Fail phenomenon for nonfinancial firms in Japan. …

Persistent link: https://www.econbiz.de/10010343333

Financial stability policies and bank lending: Quasi-experimental evidence from Federal Reserve interventions in 1920-21

Rieder, Kilian - 2020

Persistent link: https://www.econbiz.de/10012653450

Cross-border banking and the international transmission of financial distress during the crisis of 2007 - 2008

Popov, Alexander; Udell, Gregory F. - 2010

We study the effect of financial distress in foreign parent banks on local SME financing in 14 central and eastern European countries during the early stages of the 2007-2008 financial crisis. We use survey data on applicant and non-applicant firms that enable us to disentangle effects driven by...

Persistent link: https://www.econbiz.de/10003973496

Nice to be on the A-List

Hamao, Yasushi; Kutsuna, Kenji; Peek, Joe - 2012 - This version: September 28, 2012

the A-list matters even more, consistent with a Too Connected To Fail phenomenon for nonfinancial firms in Japan. -- SMEs …

Persistent link: https://www.econbiz.de/10009665488

Credit Supply, Flight to Quality and Evergreening : An Analysis of Bank-Firm Relationships after Lehman

Albertazzi, Ugo - 2010

This paper analyzes the effects of the financial crisis on credit supply by using highly detailed data on bank-firm relationships in Italy after Lehman's collapse. We control for firms' unobservable characteristics, such as credit demand and borrowers' risk, by exploiting multiple lending. We...

Persistent link: https://www.econbiz.de/10013138576

Credit Supply Disruptions : From Credit Crunches to Financial Crisis

Peek, Joe - 2015

Events that transpired during the recent financial crisis highlight the important role that financial intermediaries still play in the economy, especially during economic downturns. While the breadth and severity of the financial crisis took most observers by surprise, it has renewed academic...

Persistent link: https://www.econbiz.de/10013012450

Financial Stability Policies and Bank Lending : Quasi-Experimental Evidence from Federal Reserve Interventions in 1920-21

Rieder, Kilian - 2021

I estimate the comparative causal effects of monetary policy \leaning against the wind" (LAW) and macroprudential policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was still decentralized, four Federal Reserve Banks...

Persistent link: https://www.econbiz.de/10013213942

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