Uncertainty weakens bank lending channel, Bank of Italy paper says


A working paper published by the Bank of Italy investigates the effects of uncertainty on commercial banks’ willingness to lend to companies.

In Bank lending in uncertain times, Piergiorgio Alessandri and Margherita Bottero use a monthly dataset showing all loan applications submitted between 2003 and 2012 by a sample of 650,000 Italian firms.

The authors then examine whether uncertainty in the banking market affected the banks’ willingness to make loans to the sampled firms. They begin by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account