The Home Bias and the Credit Crunch: A Regional Perspective

Presbitero, Andrea F.; Udell, Gregory F.; Zazzaro, Alberto

doi:10.1111/jmcb.12078

Cited by 128 publications

(69 citation statements)

References 86 publications

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“…For this reason the impact of the sovereign crisis of 2011 was stronger than the 2008 global financial crisis, which was mostly linked to structured financial instruments in banks' balance sheets. In fact, as reported in [3], the capital and liquidity positions of Italian banks, as well as their profitability, experienced little deterioration during the first phase of the crisis between July 2007 and September 2008.…”

Section: Introductionmentioning

confidence: 94%

Italian Banks’ Paths through the Crisis

Zedda¹

2016

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Over the past seven years, the financial system has undergone an unprecedented crisis, which has caused important changes in the structure and business models of banks. This paper explores the main changes in the structure of Italian banks' assets in 2007-2013, by size and category, as a result of the financial crisis and of regulatory and business models changes. The analysis shows that the effects of the crisis were very different on different categories, and that business models have changed, pushing the different banking categories to business models and balances increasingly similar.

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Section: Introductionmentioning

confidence: 94%

Italian Banks’ Paths through the Crisis

Zedda¹

2016

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“…Presbitero, Udell, and Zazzaro (2014) show that the vast majority of loans are contracted locally. Therefore, the 17 voivodships in…”

Section: The Level Of the Analysismentioning

confidence: 99%

The economic impact of changes in local bank presence

et al. 2018

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The study analyses the economic consequences of changes in the local bank presence.Using a unique dataset of banks, firms, and counties in Poland over the period 2009-2014, we show that changes in local banking that increase the role of the relationship banking model are associated with improvements in local labour markets and easier access of SMEs to bank debt. Moreover, radical changes in the ownership structure of large commercial banks result in a more rapid new firm creation. Finally, we document that young companies' performance is more sensitive to the instability of local banking markets.

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“…An economic aspect is studied by Dobromil Serwa [13] who finds no statistical connections between output growth and credit growth during banking crises. Presbitero et al [14] study the Italian case after Lehman's collapse and they find that there was a significant contraction of loans in that period. Their analysis is very complete and involves data from many Italian provinces.…”

Section: Review Of Literaturementioning

confidence: 99%

Credit Crunch in Europe: Comparing Austria, Italy and Greece

Catelani¹

2015

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Since the debt crises of some European countries in 2011, the European Central Bank and some credit and financial authorities have often spoken about a credit crunch in Europe. They have said that banks have curbed credit access to the economic system, creating persistent problems for the European economy. The aim of this paper is to analyze the problem of the credit crunch in Europe from 2007 to 2014, taking as our sample three European countries: Austria, Italy and Greece. These are countries with different economic structures, so they represent a significant sample for our purposes. Using statistical analysis, we will measure the entity of the credit crunch. We will find that the credit crunch is indeed present in Europe, but maybe is not as dramatic as has been described.

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The Home Bias and the Credit Crunch: A Regional Perspective

Cited by 128 publications

References 86 publications

Italian Banks’ Paths through the Crisis

Italian Banks’ Paths through the Crisis

The economic impact of changes in local bank presence

Credit Crunch in Europe: Comparing Austria, Italy and Greece

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