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dc.contributor.authorBlaes, Barnoen_US
dc.date.accessioned2012-01-27en_US
dc.date.accessioned2012-02-03T10:30:22Z-
dc.date.available2012-02-03T10:30:22Z-
dc.date.issued2011en_US
dc.identifier.isbn978-3-86558-771-8en_US
dc.identifier.urihttp://hdl.handle.net/10419/54983-
dc.description.abstractThis paper analyses the role of bank-related constraints in explaining the sharp slowdown in bank lending to non-financial corporations in Germany during the recent financial crisis. We use a panel approach based on a unique data set which matches the individual responses of the banks participating in the Eurosystem's Bank Lending Survey with the corresponding micro data on loan quantities and prices. Our main finding is that bank-related supply and demand-side indicators were both important in explaining the slowdown of bank lending during the crisis years. The results suggest that the dampening impact of the bank-related restrictions was strongest from the third quarter of 2009 to the first quarter of 2010. Over this short period, more than one-third of the explained negative loan development was due to the restrictive adjustments of purely bank-related factors, such as the costs related to the bank's capital, market financing conditions and the bank's liquidity position.en_US
dc.language.isoengen_US
dc.publisherDt. Bundesbank Frankfurt, M.en_US
dc.relation.ispartofseriesDiscussion Paper Series 1: Economic Studies 2011,31en_US
dc.subject.jelC23en_US
dc.subject.jelE30en_US
dc.subject.jelE51en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordBank Lending Surveyen_US
dc.subject.keywordcredit supplyen_US
dc.subject.keywordpanel dataen_US
dc.subject.keywordfinancial crisisen_US
dc.subject.keywordGermanyen_US
dc.subject.stwKreditgeschäften_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwKreditrationierungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleBank-related loan supply factors during the crisis: An analysis based on the German bank lending surveyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn684344459en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:bubdp1:201131-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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