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BEGIN:VEVENT
UID:4f39aa9120252e074a81987cfc8b30b5
CATEGORIES:Seminars
CREATED:20191028T095051
SUMMARY:Lunch Seminar: Emanuele Tarantino - LUISS & EIEF
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Bank Mergers, Credit Supply and Financial Stability: Evidence from the Span
 ish Banking Sector Restructuring Program\nAbstract:         \nIn the wake o
 f the Great Recession, the Spanish government restructured its banking syst
 em by fostering the consolidation of savings banks. We exploit the institut
 ional design of the restructuring program to study the impact of market pow
 er on credit supply and financial stability. We find that the market-power 
 effect of mergers produces a reduction in credit supply, a tightening in cr
 edit terms and an increase in interest rates, especially to smaller firms. 
 However, we also find that the market power of bank mergers yields a reduct
 ion in the volume of non-performing loans and loan defaults. \n
DTSTAMP:20260404T124057Z
DTSTART:20191030T130000Z
DTEND:20191030T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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