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Debt capacity bancari e credit crunch: alcune osservazioni empiriche [Debt capacity from banks and credit crunch: some empirical observations]

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Abstract

The financial crisis has emphasized the importance of the credit crunch in constraining the financing of the firms. The debt capacity from banks is defined as the maximum amount of debt that the banks are available to grant to companies. Using annual report’s data and information from Centrale dei Rischi of Bank of Italy on a set of 321 industrial firms some econometric models on bank overdrafts have been estimated. Applying the models estimated on 2009 data to 2011 data has been obtained an appraisal of the credit crunch between 14% and 15% of the total bank lending to these companies.

Suggested Citation

  • Franco Varetto, 2014. "Debt capacity bancari e credit crunch: alcune osservazioni empiriche [Debt capacity from banks and credit crunch: some empirical observations]," CERIS Working Paper 201423, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    • Handle: RePEc:csc:cerisp:201423
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    More about this item

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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