DP12002 Determinants of bank lending in Europe and the United States: Evidence from crisis and post-crisis years

Author(s):	Brunella Bruno, Alexandra D'Onofrio, Immacolata Marino
Publication Date:	April 2017
Keyword(s):	bank lending channel, bank loans, corporate loans, crisis
JEL(s):	G01, G18, G21
Programme Areas:	Financial Economics
Link to this Page:	cepr.org/active/publications/discussion_papers/dp.php?dpno=12002

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.