Andrea F. Presbitero

TL;DR: In this article, the authors compare bank size and distance between a bank's branches and headquarter as possible sources of organizational frictions, by studying their impact on small firms' likelihood of introducing innovations.

TL;DR: The authors showed that negative interest rate policy (NIRP) has expansionary effects on bank credit supply and real economy through a portfolio rebalancing channel, and that, by shifting down and flattening the yield curve, NIRP differs from rate cuts just above the zero lower bound.

TL;DR: In this article, the role of the bank-lending channel in propagating fluctuations in commodity prices to credit aggregates and economic activity in developing countries is studied, and it is shown that banks with relatively lower deposits and poor asset quality transmit commodity price changes to lending more aggressively, supporting the hypothesis that the overall credit response to commodity prices works also through the credit supply channel.

TL;DR: In this article, the authors focus on the impact that these spatial diffusion-concentration phenomena had on the financing constraints of Italian firms over the period 1996-2003, and show that greater functional distance stiffened financing constraints, especially for small firms, while smaller operational distance did not always enhance credit availability.

TL;DR: In this article, the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing, is examined. And the results show that MDBs' participation is associated with higher borrowing costs and longer maturities, signaling a greater willingness to finance high risk projects which may not be financed by the private sector.