The role of state-owned banks in crises : evidence from German banks during COVID-19 / Xiang Li
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The role of state-owned banks in crises
Discovery
1818130874
URN
urn:nbn:de:gbv:3:2-918845
DOI
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Author
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [September 2022?]
Content
1 Online-Ressource (III, 30 Seiten, A3, 1,87 MB) : Diagramme
Edition
This version: September 27, 2022
Language
eng
Comment
Literaturverzeichnis. Seite 27-30
Abstract
By adopting a difference-in-differences specification combined with propensity score matching, I provide evidence using the microdata of German banks that stateowned savings banks have lent less than credit cooperatives during the COVID-19 crisis. In particular, the weaker lending effects of state-owned banks are pronounced for long-term and nonrevolving loans but insignificant for short-term and revolving loans. Moreover, the negative impact of government ownership is larger for borrowers who are more exposed to the COVID-19 shock and in regions where the ruling parties are longer in office and more positioned on the right side of the political spectrum.
Series
IWH-Diskussionspapiere ; 2022, no. 6 (February 2022) [rev.] ppn:837399270