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https://hdl.handle.net/1889/2892| 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 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Soana Verga Regalli WP 04_2015.pdf | 1.26 MB | Adobe PDF | View/Open |
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