The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.
Disentangling the Effects of a Banking Crisis: Evidence from German Firms and Counties
Open accessAbstract
Lending cuts by banks directly affect the firms borrowing from them, but also indirectly depress economic activity in the regions in which they operate. This paper moves beyond firm-level studies by estimating the effects of an exogenous lending cut by a large German bank on firms and counties. I construct an instrument for regional exposure to the lending cut based on a historic, postwar breakup of the bank. I present evidence that the lending cut affected firms independently of their banking relationships, through lower aggregate demand and agglomeration spillovers in counties exposed to the lending cut. Output and employment remained persistently low even after bank lending had normalized. Innovation and productivity fell, consistent with the persistent effects. (JEL E32, E44, G01, G21, G32, R11, R23)
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Filders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,165
(2019) · AEA Papers and Proceedings · doi:10.1257/pandp.109.612 · Cited by 10,902
Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations
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Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870–2008
Schularick, M., & Taylor, A. M. (2012) · American Economic Review · doi:10.1257/aer.102.2.1029 · Cited by 2,647
The Network Origins of Aggregate Fluctuations
(2012) · Econometrica · doi:10.3982/ecta9623 · Cited by 2,198
Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market
Khwaja, A. I., & Mian, A. (2008) · American Economic Review · doi:10.1257/aer.98.4.1413 · Cited by 1,843
Identifying Technology Spillovers and Product Market Rivalry
(2013) · Econometrica · doi:10.3982/ecta9466 · Cited by 1,758
Distance, Lending Relationships, and Competition
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What Causes Industry Agglomeration? Evidence from Coagglomeration Patterns
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Cited by
Difference-in-Differences Estimators of Intertemporal Treatment Effects
de Chaisemartin, C., & D’Haultfœuille, X. (2026) · Review of Economics and Statistics · doi:10.1162/rest_a_01414 · Cited by 740
Financial Frictions and the Great Productivity Slowdown
Duval, R., Hong, G. H., & Timmer, Y. (2020) · The Review of Financial Studies · doi:10.1093/rfs/hhz063 · Cited by 180
Mandated Financial Reporting and Corporate Innovation
Breuer, M., Leuz, C., & Vanhaverbeke, S. (2019) · SSRN Electronic Journal · doi:10.2139/ssrn.3449813 · Cited by 27
Metadata
- Authors
- Huber, K.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2018-03-01
- Volume
- 108
- Issue
- 3
- Pages
- 868-898
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2789783506
- Cited by
- 299
- References
- 45
- FWCI
- 36.57
- Type
- journal article
- Language
- en
- Open access
- bronze
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