| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12340 |
| DP12340 The real effects of relationship lending | |
| Leonardo Gambacorta; Enrico Sette; Ryan Banerjee | |
| 发表日期 | 2017-09-29 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper studies the real consequences of relationship lending on firm activity in Italy following Lehman Brothers’ default shock and Europe’s sovereign debt crisis. We use a large data set that merges the comprehensive Italian Credit and Firm Registers. We find that following Lehman’s default, banks offered more favourable continuation lending terms to firms with which they had stronger relationships. Such favourable conditions enabled firms to maintain higher levels of investment and employment. The insulation effects of tighter bank-firm relationships was still present during the European sovereign debt crisis, especially for firms tied to well capitalised banks. |
| 主题 | Financial Economics |
| 关键词 | Relationship banking Real effects of credit Credit supply |
| URL | https://cepr.org/publications/dp12340 |
| 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/541150 |
| 推荐引用方式 GB/T 7714 | Leonardo Gambacorta,Enrico Sette,Ryan Banerjee. DP12340 The real effects of relationship lending. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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