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Accounting & Finance

20 July 2020
No credit crunch (yet) – but here is why we should be worried

Prof. Dr. Sascha Steffen

The ECB has just published its Bank Lending Survey for the second quarter. The survey provides a window in bank lending in the euro area and, in particular, the supply of loans by banks to the non-financial sector. Taken at face value, the numbers are not that bad. We observe only a small tightening of lending standards across the euro area, large firms do not experience any tightening while small and medium enterprises face somewhat stricter supply conditions. 
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No credit crunch (yet) – but here is why we should be worried
20 July 2020
Prof. Dr. Sascha Steffen
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Prof. Dr. Jürgen Moormann
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Alexandra B. Kinywamaghana
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Menglu Neupert-Zhuang
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Prof. Dr. Bernd Wallraff
The COVID-19 Pandemic and the Importance of Financial Inclusion
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Ricardo A. Estrada Villalta
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Prof. Dr. Philipp Sandner
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Menglu Neupert-Zhuang
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