| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13691 |
| DP13691 Small Firms and Domestic Bank Dependence in Europe's Great Recession | |
| Bent E Sørensen; Mathias Hoffmann; Egor Maslov | |
| 发表日期 | 2019-04-23 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Abstract Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in countries that borrowed more from domestic banks (``domestic bank dependence'') compared with countries that borrowed more from international banks. Eurozone banking integration in the years 2000-2008 involved cross-border lending between banks while foreign banks' lending to the real sector stayed flat. Hence, SMEs remained dependent on domestic banks and were vulnerable to global banking sector shocks. We confirm, using a calibrated quantitative model, that domestic bank dependence makes sectors and countries with many SMEs vulnerable to global banking shocks. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Small and medium enterprises Sme access to finance Banking integration Domestic bank dependence International transmission |
| URL | https://cepr.org/publications/dp13691-0 |
| 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/542552 |
| 推荐引用方式 GB/T 7714 | Bent E Sørensen,Mathias Hoffmann,Egor Maslov. DP13691 Small Firms and Domestic Bank Dependence in Europe's Great Recession. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
