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

被引：6

作者：

Aghabarari, Leila ^{[1
]}

Guettler, Andre ^{[2
,3
]}

Naeem, Mahvish ^{[2
]}

Van Doornik, Bernardus ^{[4
]}

机构：

[1] World Bank Grp, 1818 H St NW, Washington, DC 20433 USA

[2] Ulm Univ, Inst Strateg Management & Finance, Ulm, Germany

[3] Inst Econ Res Halle IWH, Halle, Germany

[4] Cent Bank Brazil, Res Dept, Brasilia, DF, Brazil

来源：

ECONOMIC INQUIRY | 2021年 / 59卷 / 03期

关键词：

credit unions; financial crisis; financial intermediaries; labor market outcomes; relationship lending; LIQUIDITY SHOCKS EVIDENCE; INTERNATIONAL TRANSMISSION; MONETARY-POLICY; BANKS; RISK; AVAILABILITY; CONSTRAINTS; IMPACT; COST;

D O I：

10.1111/ecin.12982

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：1215 / 1233

页数：19

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