Determinants of Bank Lending in Europe and the United States: Evidence from Crisis and Post-Crisis Years

48 Pages Posted: 2 May 2017

See all articles by Brunella Bruno

Brunella Bruno

Bocconi University - Department of Finance

Alexandra D'Onofrio

LUISS Guido Carli University - Arcelli Centre for Monetary and Financial Studies

Immacolata Marino

University of Naples Federico II - CSEF - Center for Studies in Economics and Finance; University of Naples Federico II

Date Written: April 2017

Abstract

We investigate bank lending patterns and their determinants in Europe and the United States over 2008-2014. Specifically, we relate bank characteristics prior to the financial crisis to their lending behaviour during and after the crisis period. Our analysis confirms the existence of a bank lending channel. This channel seems stronger in Europe than in the United States, especially if we look at corporate loans rather than at the whole loan portfolio.

Keywords: bank lending channel, bank loans, corporate loans, crisis

JEL Classification: G01, G18, G21

Suggested Citation

Bruno, Brunella and D'Onofrio, Alexandra and Marino, Immacolata, Determinants of Bank Lending in Europe and the United States: Evidence from Crisis and Post-Crisis Years (April 2017). CEPR Discussion Paper No. DP12002. Available at SSRN: https://ssrn.com/abstract=2961765

Brunella Bruno (Contact Author)

Bocconi University - Department of Finance ( email )

Via Roentgen 1
Milano, MI 20136
Italy

Alexandra D'Onofrio

LUISS Guido Carli University - Arcelli Centre for Monetary and Financial Studies ( email )

Viale Romania 32
Rome, 00197
Italy

Immacolata Marino

University of Naples Federico II - CSEF - Center for Studies in Economics and Finance

Via Cintia
Complesso Monte S. Angelo
Naples, Naples 80126
Italy

University of Naples Federico II ( email )

via Cinthia, 4
Naples, Caserta 80126
Italy

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