Front Matter Page
European Department
Contents
1. Introduction
2. Research Questions
3. Data and Sample Construction
4. Changes in Bank Lending Quantities between Normal Times and the Financial Crisis
5. Multivariate Analysis of Lending Quantities
6. Loan Spreads during Normal Times and the Financial Crisis
7. Spread of Loans Involving Banks and Borrowers from the United States
8. Additional Tests
9. Conclusions
References
Figures
Figure 1: The Effects of the Financial Crisis
Figure 2: The Effects of Financial Crisis on U.S. vs. Non-U.S. Banks and Borrowers
Figure 3: Capitalization of U.S. and Non-U.S. Banks
Tables
Table 1: Descriptive Statistics
Table 2: The Effects of the Financial Crisis on the Number of Loans
Table 3: Conditional Probability of Loan Availability during the Crisis Period
Table 4: The Effects of the Financial Crisis on the Loan Spreads
Table 5: Spreads: U.S. Banks vs. Non-U.S. Banks
Table 6: Spreads: U.S. Borrowers vs. Non-U.S. Borrowers
Table 7: Relationship Lending
Table 8: Loan Spreads with Bank and Borrower Characteristics
Table 9: Developed vs. Developing Countries
Table 10: Fixed Effect Specifications
Table 11: Alternative Definition of the Crisis Period