Abstract
The global financial crisis started in 2007, the economic downturn which followed and, the effects of the sovereign debt crisis, caused a relevant slowdown in banks’ lending in Italy. As reported by the Bank of Italy (2008, 2009, 2010, 2011) banks’ lending to customers slowed down consistently between 2008 and 2011, in spite of a slight recovery registered in 2010. Although basically widespread, this phenomenon was more intense for the larger banks than for the smaller ones, mainly reflecting different funding constraints. In particular, large intermediaries generally faced more difficulties in wholesale funding on the interbank market, especially after the start of the global financial crisis in 2007 (Bank of Italy, 2008) and cause of the effects of the sovereign debt crisis (Bank of Italy, 2011; Albertazzi et al., 2012).
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© 2014 Franco Tutino, Concetta Colasimone, Giorgio Carlo Brugnoni and Luca Riccetti
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Tutino, F., Colasimone, C., Brugnoni, G.C., Riccetti, L. (2014). Intermediation Model, Bank Size and Lending to Customers: Is There a Significant Relationship? Evidence from Italy: 2008–2011. In: Lindblom, T., Sjögren, S., Willesson, M. (eds) Governance, Regulation and Bank Stability. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137413543_10
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DOI: https://doi.org/10.1057/9781137413543_10
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