Corporate debt in Germany in the course of the COVID-19 pandemic: An evaluation based on the AnaCredit dataset

Benedikt Kolb, Frieder Mokinski and Robert Unger

No 07/2021, Technical Papers from Deutsche Bundesbank

Abstract: We analyse developments in the bank loan debt of German non-financial corporations during the COVID-19 pandemic based on the AnaCredit dataset. This data source provides detailed and timely firm-level information on the corporate sector's bank loan debt and thus enables granular analyses. Using data sources available for longer periods of time, we assess the developments in a historical context. We find that, although the bank loan debt of German nonfinancial corporations has risen significantly on average since the outbreak of the COVID-19 pandemic, the increase was not extraordinarily strong by historical standards. However, a disaggregated analysis shows that, in the sectors hit particularly hard by the containment measures, bank loan debt has risen very strongly and to a historical degree.

Date: 2021
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https://www.econstor.eu/bitstream/10419/283330/1/technical-paper-2021-07.pdf (application/pdf)

Related works:
Working Paper: Die Unternehmensverschuldung in Deutschland im Verlauf der Corona-Pandemie: Eine Auswertung anhand des AnaCredit-Datensatzes (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bubtps:283330

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