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  3. 26/2017

Ailing banks increase leverage of ailing firms

Euro area countries such as Greece and Spain continue to struggle not only with their banks, but also with highly indebted domestic firms. Michael Koetter from the Halle Institute for Economic Research (IWH) and co-authors show the failure to resolve banks’ financial difficulties also prevents debt reduction of over-leveraged firms – and sometimes even contributes to increasing leverage of the weakest firms.

Authors Michael Koetter

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Professor Michael Koetter, PhD
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Keywords

banking industry business sector
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