| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10050 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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