{"id":9012,"date":"2025-01-20T17:42:00","date_gmt":"2025-01-20T16:42:00","guid":{"rendered":"https:\/\/casmef.luiss.it\/publications\/out-of-sight-out-of-mind-global-value-chains-and-credit-allocation-in-bad-times\/"},"modified":"2026-11-05T17:24:22","modified_gmt":"2026-11-05T16:24:22","slug":"out-of-sight-out-of-mind-global-value-chains-and-credit-allocation-in-bad-times","status":"publish","type":"casmef_publication","link":"https:\/\/casmef.luiss.it\/en\/publications\/out-of-sight-out-of-mind-global-value-chains-and-credit-allocation-in-bad-times\/","title":{"rendered":"Out of sight, out of mind? Global value chains and credit allocation in bad times"},"content":{"rendered":"\n

Abstract: We investigate the influence of firms\u2019 global status on the allocation of credit during a financial crisis. Using data on 15,000 businesses from seven European countries, we find that firms participating in global value chains were 25% less likely to be rationed by banks during the 2009 financial crisis. Matching the firm-level information with data on banks\u2019 branch and subsidiary networks in the countries, we obtain that banks insulated global chain participants from credit rationing, not only accounting for the beneficial effects of global chain participation, but also to reduce spillovers on their own foreign activities related with global chains.<\/p>\n","protected":false},"excerpt":{"rendered":"

Minetti, R., Murro, P., & Peruzzi, V. (2025, March). (CASMEF Working Paper Series No. (2). Arcelli Centre for Monetary and Financial Studies, LUISS Guido Carli.<\/p>\n","protected":false},"template":"","publication_type":[559],"class_list":["post-9012","casmef_publication","type-casmef_publication","status-publish","hentry"],"acf":{"pub_unit":8772,"pub_file":9011},"yoast_head":"\nOut of sight, out of mind? Global value chains and credit allocation in bad times - Casmef<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/casmef.luiss.it\/en\/publications\/out-of-sight-out-of-mind-global-value-chains-and-credit-allocation-in-bad-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Out of sight, out of mind? 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