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Title: Bank credit lending to small and medium enterprises: was there a credit crunch in Italy?
Authors: Soana, Maria Gaia
Verga, Giovanni
Regalli, Massimo
Issue Date: 2015
Document Type: Research paper
Abstract: The present paper investigates the existence of credit rationing in the Italian corporate bank loan market by estimating a demand-supply disequilibrium model for bank credit in the period 2007-2012. From this model, we derive the proportion of credit rationed companies using a panel data set of private Italian SMEs. The results of our study show that, over the period 2007-2012, private Italian SMEs were credit rationed, especially in the years 2007, 2008, 2011 and 2012.
Appears in Collections:The impact of the Great Recession on manufacturing firms. Workshop proceedings

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