[Seminarreihe Regensburg] Christa Hainz (München): "Real Effects of the Removal of Government Guarantees in the Banking Sector: The Case of the German Guarantor’s Liability"

21.11.2017 (13:30 - 15:00)

Am Dienstag, den 21. November 2017 hält Christa Hainz (Ifo Institut München) im Rahmen der Seminarreihe des AB Ökonomie am IOS einen Vortrag zum Thema "Real Effects of the Removal of Government Guarantees in the Banking Sector: The Case of the German Guarantor´s Liability".


Abstract:

This paper studies the effects of government guarantees on firms' perceived financing situation for investments by analysing the removal of the guarantor’s liability in the German banking sector in 2001. As the policy change only affected public banks, we employ a difference-indifferences analysis in order to identify effects on firms being customers of public banks as opposed to firms being affiliated with private banks. The paper uses survey data for the period 1998 to 2007, obtained from the ifo Investment Survey. Our results indicate that on average, corporate customers of public banks perceived a deterioration in their financing possibilities after the removal of the public guarantee.

Zeit: 21.11.2017, 13:30 - 15:00 Uhr

Ort: Leibniz-Institut für Ost- und Südosteuropaforschung, Raum 109, Landshuter Straße 4, 93047 Regensburg

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