Bank of Italy on post-Lehman credit conditions
A paper published by the Bank of Italy in April finds evidence of a contraction in credit supply, associated with scarce liquidity and a delay in recognising losses, in the six-month period following the bankruptcy Lehman Brothers, a now defunct investment bank. This practice was especially pronounced among smaller firms.
The paper analyses the effects of the financial crisis on credit supply by using highly detailed data on bank-firm relationships in Italy after Lehman's collapse. The research
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