Arbeitspapier
TARP Effect on Bank Lending Behaviour: Evidence from the last Financial Crisis
Using a unique data set based on US commercial banks and county level loan origination for the period 2005-2010, we measure whether banks that benefited from the Troubled Asset Relief Program (TARP) increase small business loan originations. We propose an identification strategy which exploits the ownership structureof bank holding companies. We find that TARP banks provide on average 19% higher small business loan originations than NO TARP banks. The disaggregated data allows us to control for the potential demand side effects. When considering poverty and unemployment rates at a county level we show that TARP is effective only in counties suffering from unemployment. Several robustness checks confirm the main result.
- Sprache
-
Englisch
- Erschienen in
-
Series: IRENE Working Paper ; No. 15-06
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Central Banks and Their Policies
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
TARP
Financial Crisis
Loan provision
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Puddu, Stefano
Waelchli, Andreas
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Neuchâtel, Institute of Economic Research (IRENE)
- (wo)
-
Neuchâtel
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Puddu, Stefano
- Waelchli, Andreas
- University of Neuchâtel, Institute of Economic Research (IRENE)
Entstanden
- 2015
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