G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10050
DP10050 When Arm?s Length Is Too Far. Relationship Banking over the Business Cycle
Hans Degryse; Ralph De Haas; Thorsten Beck; Neeltje van Horen
发表日期2014-06-29
出版年2014
语种英语
摘要Using a novel way to identify relationship and transaction banks, we study how banks? lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms? credit constraints at two contrasting points of the business cycle. We show that relationship lending alleviates credit constraints during a cyclical downturn but not during a boom period. The positive impact of relationship lending in an economic downturn is strongest for smaller and more opaque firms and in regions where the downturn is more severe.
主题Financial Economics
关键词Relationship banking Credit constraints Business cycle
URLhttps://cepr.org/publications/dp10050
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/538882
推荐引用方式
GB/T 7714
Hans Degryse,Ralph De Haas,Thorsten Beck,et al. DP10050 When Arm?s Length Is Too Far. Relationship Banking over the Business Cycle. 2014.
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