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Bank dependence and investment during the financial crisis

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  • Philip Vermeulen

Abstract

The recent financial crisis has renewed interest in the role of bank credit in the economy. In the euro area, credit from financial institutions is an especially important source of finance for firms. In this article we investigate the collapse of investment during the financial crisis and the role of constraints on bank credit in this collapse, in particular for bank-dependent firms. JEL Classification: E22, E44, G01

Suggested Citation

  • Philip Vermeulen, 2012. "Bank dependence and investment during the financial crisis," Research Bulletin, European Central Bank, vol. 17, pages 12-14.
    • Handle: RePEc:ecb:ecbrbu:2012:0017:3
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    File URL: https://www.ecb.europa.eu/pub/pdf/other/researchbulletin17en.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    corporate investment; financial crisis; credit crunch;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises

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