The role of state-owned banks in crises: evidence from German banks during COVID-19

In: IWH discussion papers 2022, no. 6 (February 2022) [rev.]

Abstract

By adopting a difference-in-differences specification combined with propensity score matching, I provide evidence using the microdata of German banks that stateowned savings banks have lent less than credit cooperatives during the COVID-19 crisis. In particular, the weaker lending effects of state-owned banks are pronounced for long-term and nonrevolving loans but insignificant for short-term and revolving loans. Moreover, the negative impact of government ownership is larger for borrowers who are more exposed to the COVID-19 shock and in regions where the ruling parties are longer in office and more positioned on the right side of the political spectrum.

Weitere Versionen:

Buch(elektronisch)#12022

The role of state-owned banks in crises: evidence from German banks during COVID-19

In: IWH discussion papers 2022, no. 6 (February 2022)

Li, Xiang

Li, Xiang

Abstract

By adopting a difference-in-differences specification combined with propensity score matching, we provide evidence using the microdata of German banks that stateowned savings banks have lent less than credit cooperatives during the COVID-19 crisis. In particular, the weaker lending effects of state-owned banks are pronounced for long-term and nonrevolving loans but insignificant for short-term and revolving loans. Moreover, the negative impact of government ownership is larger for borrowers who are more exposed to the COVID-19 shock and in regions where the ruling parties are longer in office and more positioned on the right side of the political spectrum.

Bestellen über Zugriff(Open Access)Bestellen über Zugriff(Open Access)Bestellen über Zugriff(Open Access)

Verfügbarkeit an Ihrem Standort wird überprüft

Dieses Buch ist auch in Ihrer Bibliothek verfügbar:

Exportieren