Credit Rationing in Greece During and After the Financial Crisis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43911161" target="_blank" >RIV/62156489:43110/17:43911161 - isvavai.cz</a>
Alternative codes found
RIV/00216305:26220/17:PU121691
Result on the web
<a href="http://journal.fsv.cuni.cz/mag/article/show/id/1382" target="_blank" >http://journal.fsv.cuni.cz/mag/article/show/id/1382</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Credit Rationing in Greece During and After the Financial Crisis
Original language description
The financial crisis has revealed the vulnerability of the Eurozone's banking sector to adverse macroeconomic shocks. In this paper we investigate corporate access to bank credit in Greece, combining microeconometric and macroeconometric empirical methods. We employ the Non-parametric Kernel estimate to identify credit rationing at the firm-level and a disequilibrium maximum likelihood approach to identify periods of credit market disequilibrium in Greece between 2003 Q1 and 2015 Q4. The empirical analysis reveals a credit crunch in Greece between 2008 Q4 and 2012 Q4 and provides evidence that credit rationing during this period was not only caused by banking sector factors but also by increasing firm-specific credit risk and by deterioration of the financial health indicators of companies.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50602 - Public administration

Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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