2024-03-29T15:39:36Zhttps://repositori.uji.es/oai/requestoai:repositori.uji.es:10234/1848812023-07-20T08:10:39Zcom_10234_201824com_10234_9com_10234_8643col_10234_201825col_10234_8644
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Vidal-Tomás, David
author
Tedeschi, Gabriele
author
Ripollés, Jordi
author
2019-08-09
By using the BIS data, we analyze the evolution of credit relationships among banks of the Euro-zone during the pre-crisis period (2006Q1–2007Q4), the global financial crisis (2008Q1–2010Q4) and the debt sovereign crisis (2011Q1–2013Q3). In line with other empirical studies, our findings suggest that the onset of the two crises produces a sharp cut in the credit relations between banks belonging to rich Euro-area countries to those belonging to poor ones, the so-called PIGS group. Interestingly enough, however, our results show the emergence of mutual help relations in the credit agreements among the PIGS countries’ banks when these crises arise.
VIDAL TOMÁS, David; TEDESCHI, Gabriele; RIPOLLÉS PIQUERAS, Jordi (2019). The desertion of rich countries and the mutual support of the poor ones: preferential lending agreements among the PIGS. Finance Research Letters Available, online 9 August 2019
http://hdl.handle.net/10234/184881
https://doi.org/10.1016/j.frl.2019.08.003
Preferential lending agreements
Liquidity shocks
PIGS Countries
Augmented gravity model
The desertion of rich countries and the mutual support of the poor ones: preferential lending agreements among the PIGS