Lecturer PAOLA FERRETTI
Semester Winter
ECTS 6
Description
The objective of the course is to provide students a background on bank-firm relationship.
Focus is given to bank financing during the crisis years, in order to highlight the factors (supply and demand factors) which mainly impacted and continue to impact on the lending to the European economy.
TEXTS:
– The impact of supply constraints on bank lending in the euro area crisis induced crunching?
Hannah Sabine Hempell and Christoffer Kok Sørensen (Working papers NO 1262 – NOVEMBER 2010, European Central Bank)
– Credit supply, flight to quality and evergreening: an analysis of bank-firm relationships after Lehman
Ugo Albertazzi and Domenico J. Marchetti (Working papers NO 756 – APRIL 2010, Banca D’Italia)