Is there help indeed, if there is help in need? The case of credit unions during the global financial crisis

Autor:	Bernardus Ferdinandus Nazar Van Doornik, Mahvish Naeem, Andre Guettler, Leila Aghabarari
Rok vydání:	2021
Předmět:	Economics and Econometrics Shock (economics) Exploit Corporate governance Financial crisis Financial intermediary Economics Financial system Market impact General Business Management and Accounting
Zdroj:	Economic Inquiry. 59:1215-1233
ISSN:	1465-7295 0095-2583
Popis:	Credit unions (CUs) may respond to a financial shock differently than other types of banks because of their unique membership‐based governance structure. We exploit the financial crisis of 2008/09 as a negative shock to Brazilian banks and analyze the lending behavior of CUs in comparison to non‐CUs and the subsequent effects on the commercial clients' labor force. We find that during the financial crisis, CUs tightened their members' access to credit to a lesser extent (insurance effect) than did other bank types. Notably, the labor market impact of the insurance effect of CUs is positive for very small firms.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::8655fbbe451bb9e32d447c47ae3c10d9 https://doi.org/10.1111/ecin.12982 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
Nepřihlášeným uživatelům se plný text nezobrazuje	K zobrazení výsledku je třeba se přihlásit.