Italian paper looks at eurozone firms' capital costs
Fall in borrowing costs in periphery due to balance sheet improvements, researchers find
A working paper published by the Bank of Italy examines the reasons why the cost of bank capital fell for eurozone economies following the sovereign debt crisis.
In The drop in non-financial firms’ cost of credit: a cross-country analysis, Paolo Finaldi Russo and Fabio Parlapiano use data from the Survey on Access to Finance of Enterprises (SAFE), carried out by the European Central Bank and European Commission.
The authors explore how the characteristics of firms borrowing from eurozone banks
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