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Bank dependence and investment during the financial crisis

Philip Vermeulen ()

Research Bulletin, 2012, vol. 17, 12-14

Abstract: The recent financial crisis has renewed interest in the role of bank credit in the economy. In the euro area, credit from financial institutions is an especially important source of finance for firms. In this article we investigate the collapse of investment during the financial crisis and the role of constraints on bank credit in this collapse, in particular for bank-dependent firms. JEL Classification: E22, E44, G01

Keywords: corporate investment; financial crisis; credit crunch (search for similar items in EconPapers)
Date: 2012-12
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Handle: RePEc:ecb:ecbrbu:2012:0017:3