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Working Paper Cnr-Ceris, N° 23/2014  


Debt capacity bancaria  e credit crunch: alcune osservazioni empiriche

  [Debt capacity from banks and credit crunch: some empirical observations]

  Franco Varetto

National Research Council of Italy

Institute for Economic Research on Firm and Growth

CNR-Ceris, Via Real Collegio 30,
10024 Moncalieri (To), Italy

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Abstract: The financial crisis has emphasized the importance of the credit crunch in constraining the financing of the firms. The debt capacity from banks is defined as the maximum amount of debt that the banks are available to grant to companies. Using annual report’s data and information from Centrale dei Rischi of Bank of Italy on a set of 321 industrial firms some econometric models on bank overdrafts have been estimated. Applying the models estimated on 2009 data to 2011 data has been obtained an appraisal of the credit crunch between 14% and 15% of the total bank lending to these companies.

Keywords: financial crisis, corporate annual reports, credit crunch, bank of italy’s credit loans database, bank lending. 

JEL Codes: E44, E51, G21, G32, L60

 

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