We analyze the causal effect of the credit supply shock to banks induced by interbank market disruptions in the recent …

important insights for policy makers as they continue to deal with the credit access issues of small firms. …

In the expansionary phase of the economy (1995-2007) and, particularly after the Euro introduction, credit to the … cycle the traditional credit constraint faced by SMEs (Vohrl and Adams, 1997; EU 2011; Callejón and Segarra, 2012), would … have been at least partially overcome, since most of these companies had access to abundant and cheap credit. The …

This paper provides causal evidence on the effect of credit crunches on political polarization. We combine data on bank …