Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans

Acharya,, 2014, Credit lines as monitored liquidity insurance: Theory and evidence, Journal of Financial Economics, 112, 287, 10.1016/j.jfineco.2014.02.001

Acharya,, 2014, A pyrrhic victory? Bank bailouts and sovereign credit risk, Journal of Finance, 69, 2689, 10.1111/jofi.12206

Acharya,, 2015, The greatest carry trade ever? Understanding eurozone bank risks, Journal of Financial Economics, 115, 215, 10.1016/j.jfineco.2014.11.004

Almeida,, 2004, The cash flow sensitivity of cash, Journal of Finance, 59, 1777, 10.1111/j.1540-6261.2004.00679.x

Balduzzi,, Financial markets, banks’ cost of funding, and firms’ decisions: Lessons from two crises, Journal of Financial Intermediation

Bartram,, 2006, The impact of the introduction of the euro on foreign exchange rate risk exposures, Journal of Empirical Finance, 13, 519, 10.1016/j.jempfin.2006.01.002

Becker,, 2018, Financial repression in the European sovereign debt crisis, Review of Finance, 22, 83, 10.1093/rof/rfx041

Bentolila,, When credit dries up: Job losses in the great recession, Journal of the European Economic Association

Bocola,, 2016, The pass-through of sovereign risk, Journal of Political Economy, 124, 879, 10.1086/686734

Bofondi,, Credit supply during a sovereign debt crisis, Journal of the European Economic Association

Broner,, 2014, Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects, Journal of Monetary Economics, 61, 114, 10.1016/j.jmoneco.2013.11.009

Caballero,, 2013, A model of the safe asset mechanism (SAM): Safety traps and economic policy, 10.3386/w18737

Chari,, 2016, On the optimality of financial repression

Chodorow-Reich,, 2014, The employment effects of credit market disruptions: Firm-level evidence from the 2008–09 financial crisis, Quarterly Journal of Economics, 129, 1, 10.1093/qje/qjt031

Cingano,, 2016, Does credit crunch investment down? New evidence on the real effects of the bank-lending channel, Review of Financial Studies, 29, 2737, 10.1093/rfs/hhw040

Crosignani,, 2017, Why are banks not recapitalized during crises?, 10.17016/FEDS.2017.084

De Marco,, Bank lending and the European sovereign debt crisis, cJournal of Financial and Quantitative Analysis

Diamond,, 1991, Monitoring and reputation: The choice between bank loans and directly placed debt, Journal of Political Economy, 99, 689, 10.1086/261775

Dombret,, 2015, The European capital markets union: A viable concept and a real goal?, 10.1515/9783110444643

Drechsler,, 2016, Who borrows from the lender of last resort?, Journal of Finance, 71, 1933, 10.1111/jofi.12421

Eisert,, Interbank networks and backdoor bailouts: Benefiting from other banks’ government guarantees, Management Science

Farhi,, Deadly embrace: Sovereign and financial balance sheets doom loops, Review of Economic Studies

Gennaioli,, 2016, Banks, government bonds, and default: What do the data say?

Ivashina,, 2009, Asymmetric information effects on loan spreads, Journal of Financial Economics, 92, 300, 10.1016/j.jfineco.2008.06.003

Kalemli-Ozcan,, 2015, Corporate debt overhang, rollover risk, and investment in Europe

Karolyi,, 2015, Regulatory arbitrage and cross-border bank acquisitions, Journal of Finance, 70, 2395, 10.1111/jofi.12262

Khwaja,, 2008, Tracing the impact of bank liquidity shocks: Evidence from an emerging market, American Economic Review, 98, 1413, 10.1257/aer.98.4.1413

Landier,, 2015, The risk shifting hypothesis: Evidence from subprime originations

Mian,, 2014, What explains the 2007–2009 drop in employment?, Econometrica, 82, 2197

Ongena,, 2016, The invisible hand of the government: “Moral suasion” during the European sovereign debt crisis

Paravisini,, 2014, Dissecting the effect of credit supply on trade: Evidence from matched credit-export data, Review of Economic Studies, 82, 333, 10.1093/restud/rdu028

Peek,, 1997, The international transmission of financial shocks: The case of Japan, American Economic Review, 87, 495

Popov,, 2015, Exporting sovereign stress: Evidence from syndicated bank lending during the euro area sovereign debt crisis, Review of Finance, 19, 1825, 10.1093/rof/rfu046

Reinhart,, 2015, The liquidation of government debt, Economic Policy, 30, 291, 10.1093/epolic/eiv003

Standard & Poor’s, 2006, Corporate ratings criteria

Standard & Poor’s, 2010, A guide to the European loan market

Sufi,, 2007, Information asymmetry and financing arrangements: Evidence from syndicated loans, Journal of Finance, 62, 629, 10.1111/j.1540-6261.2007.01219.x

Uhlig,, 2014, Sovereign default risk and banks in a monetary union, German Economic Review, 15, 23, 10.1111/geer.12039