| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16967 |
| 来源ID | Working Paper 16967 |
| Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects | |
| Manju Puri; Jörg Rocholl; Sascha Steffen | |
| 发表日期 | 2011-04-21 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper examines the broader effects of the US financial crisis on global lending to retail customers. In particular we examine retail bank lending in Germany using a unique data set of German savings banks during the period 2006 through 2008 for which we have the universe of loan applications and loans granted. Our experimental setting allows us to distinguish between savings banks affected by the US financial crisis through their holdings in Landesbanken with substantial subprime exposure and unaffected savings banks. The data enable us to distinguish between demand and supply side effects of bank lending and find that the US financial crisis induced a contraction in the supply of retail lending in Germany. While demand for loans goes down, it is not substantially different for the affected and nonaffected banks. More important, we find evidence of a significant supply side effect in that the affected banks reject substantially more loan applications than nonaffected banks. This result is particularly strong for smaller and more liquidity-constrained banks as well as for mortgage as compared with consumer loans. We also find that bank-depositor relationships help mitigate these supply side effects. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w16967 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574642 |
| 推荐引用方式 GB/T 7714 | Manju Puri,Jörg Rocholl,Sascha Steffen. Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16967.pdf（502KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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