Euro area bank lending restricted by sovereign debt exposure, say DNB researchers
Syndicated lending by European banks with sizeable balance sheet exposures to impaired sovereign debt was negatively affected after the start of the euro area sovereign debt crisis, a research paper by the Netherlands Bank (DNB) shows.
In their paper: The impact of sovereign debt exposure on bank lending: Evidence from the European debt crisis, Alexander Popov and Neeltje Van Horen write: "Our empirical analysis confirms that there is a direct link between deteriorating creditworthiness of
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