欧洲央行:有组织犯罪与银行:评估反黑手党警察行动对贷款的影响(英文版)
欧洲央行:有组织犯罪与银行:评估反黑手党警察行动对贷款的影响(英文版).pdf |
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This study examines how dismantling Mafia-connected firms affects banks’ lending practices. Using a unique dataset of 667 such firms and loan-level data from the European Central Bank, our analysis shows that anti-Mafia operations precede an increase in bank loans to businesses that operate in areas that are directly affected by these actions. Specifically, overall loan volumes increase by approximately 0.8 percent, which translates to an increase of €1.38 billion in bank loans to these firms
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