Stress tests and small business lending

Post-crisis stress tests have altered banks’ credit supply to small business. Banks most affected by stress tests reallocate credit away from riskier markets and toward safer ones. They also raise interest rates on small loans. Quantities fall most in high-risk markets where stress-tested banks own...

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Bibliographische Detailangaben

Veröffentlicht in:	Journal of financial economics 2020-04, Vol.136 (1), p.260-279
Hauptverfasser:	Cortés, Kristle R., Demyanyk, Yuliya, Li, Lei, Loutskina, Elena, Strahan, Philip E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank loans Financial crisis High risk Interest rates Interest rates-credit Loans Local knowledge Markets Prices Small business Small business lending Stress Stress tests
Online-Zugang:	Volltext
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