We also find that in order to
make up for the decline in bank credit, firms in ...set of fixed effects, notably country‐time and sector‐time interactions,
...
into account di¤erences among countries we analyze each country
separately in order....
negatively) related to (the upper bound of) bank�s insolvency probability in...
analysis was made of the domestic finan-
cial system and business practices in order...plies a change in the structure of activities of individu-
al institutions in...
