Bank Lending and the European Debt Crisis: Evidence from a New Survey

Andrea Orame
Additional contact information
Andrea Orame: Bank of Italy

International Journal of Central Banking, 2023, vol. 19, issue 1, 243-300

Abstract: I study the supply of credit in Italy in the years 2009–14, covering the European sovereign debt crisis period. By using a new survey, I find that 40 percent of the decline in business lending originates from the tightening of bank credit standards, with a significant change in 2011 and a seemingly greater role for supply in the South of the country. The unique regional breakdown and the wider cross-section of the new survey also improve our understanding of the variation in the data and reveal substantial differences between banks.

JEL-codes: E32 E51 G01 G21 G28 G32 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ijcb.org/journal/ijcb23q1a5.pdf (application/pdf)
http://www.ijcb.org/journal/ijcb23q1a5.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ijc:ijcjou:y:2023:q:1:a:5

Access Statistics for this article

International Journal of Central Banking is currently edited by Loretta J. Mester

More articles in International Journal of Central Banking from International Journal of Central Banking
Bibliographic data for series maintained by Bank for International Settlements ().