The desertion of rich countries and the mutual support of the poor ones: preferential lending agreements among the PIGS
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONAquest recurs és restringit
https://doi.org/10.1016/j.frl.2019.08.003 |
Metadades
Títol
The desertion of rich countries and the mutual support of the poor ones: preferential lending agreements among the PIGSData de publicació
2019-08-09Editor
ElsevierCita bibliogràfica
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 2019Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://www.sciencedirect.com/science/article/pii/S1544612318307682Versió
info:eu-repo/semantics/publishedVersionParaules clau / Matèries
Resum
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 ... [+]
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. [-]
Publicat a
Finance Research Letters (2019), Available online 9 August 2019Drets d'accés
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
info:eu-repo/semantics/restrictedAccess
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