This book features contributions from leading researchers into the effect of the recent financial crisis on lending in the banking sector. They explore the emergence of alternative methods of firm financing, including crowdfunding, firm network financing and venture capital, and analyse the performance of listed European innovative firms. The book discusses related topics such as the role of loan dynamics and structure for Central and Eastern European economic growth, the liquidity policy of the European Central Bank during the Euro crisis, sovereign pensions and social security reserve funds.Lending, Investments and the Financial Crisis addresses the ways in which the strategies of institutional investors have been impacted by the crisis. The study focuses on Western, Central and Eastern Europe, while providing a wider context in terms of comparison with the Chinese banking system.

List Of FiguresList Of TablesPrefaceIntroduction: Lending, Investments And The Financial Crisis: Elena Beccalli And Federica Poli1. How Difficult Is To Raise Money In Turbulent Times?: Paola Bongini, Arturo Patarnello, Matteo Pelegatti And Monica Rossolini1.1. Introduction1.2. Review Of Literature1.3. Sample Characteristics1.4. The Cost Of Bonds At Issuance1.5. Conclusions2. The '' ''Wisdom Of The Crowd '' '' As An Antidote For The Credit Crunch. A Preliminary Analysis Of The Crowdfunding: Danile Previati, Giuseppe Galloppo And Andrea Salustri2.1. Introduction: Research Approach And Research Questions2.2. Crowdfunding Defined: From Policy Orientations To Academic Literature2.3. Different Kinds Of Crowdfunding And Some Data About Crowdfunding Market2.4. Crowdfunding Drivers2.5. Crowdfunding Attractiveness Index2.6. Crowdfunding Attractiveness Index In The Euro Area2.7. Summary And Concluding Remarks3. Financing Firms '' '' Networks: The Italian Case: Elisa Giaretta And Giusy Chesini3.1. Introduction3.2. Literature Review3.3. The Italian Context3.4. Hypotheses Development Section3.5. Research Method And Sample Description3.6. Results3.7. Conclusions 4. The Role Of Loan Dynamics And Structure For CEE Economic Growth: Ewa Miklaszewska And Katarzyna Mikolajczyk4.1. Introduction4.2. The Role Of Credit And Its Structure For Economic Growth4.3. Role And Factors Influencing Credit For Smes4.4. Loan Dynamics And Structure In CEE In The Pre- And Post-Crisis Period4.5. Empirical Analysis: The Regression Model4.6. Empirical Analysis: Panel Data Model4.7. Conclusions5. China '' ''s Shadow Banking System And Its Lurking Credit Crunch: Causes And Policy Options: René W.H. Van Der Linden5.1. Introduction5.2. China '' ''s Debt Concerns And Subsequent Policy Responses5.3. The Nature Of China '' ''s Shadow Banking And A Comparison With ItsWestern Peers5.4. The Rationale Behind The Rapid Expansion Of China '' ''s Shadow Banking5.5. The Size And Scope Of China '' ''s Shadow Banking System5.6. Reasons For And Against A Potential Crisis In The Making5.7. Preventive And Remedial Policy Measures To Tackle Shadow Banking Risks5.8. Concluding Remarks And Recommendations6. An Index Of Bank Liquidity Creation: An Application To The Banking Systems Of The Eurozone And The Liquidity Policy Of The ECB During The Euro Crisis: Pierluigi Morelli, Giovanni B. Pittaluga And Elena Seghezza6.1. Introduction6.2. The Theoretical Framework6.3. The Trend Of The Liquidity Needs Of The Banking Systems Of The Eurozone6.4. The Way ECB Faced Banks '' '' Liquidity Needs In The Recent Financial Crises6.5. Conclusions7. The Performance Of Listed European Innovative Firms: Luisa Anderloni And Alessandra Tanda7.1. Introduction7.2. Literature Review7.3. Sample And Methodology7.4. Results7.5. Conclusions8. Investment Strategies Of Institutional Investors: An International Comparison Of Sovereign Pension And Social Security Reserve Funds: Alberto Dreassi, Stefano Miani And Andrea Paltrinieri8.1. Introduction8.2. Literature Review And Hypothesis Development8.3. Data And Methodology8.4. 4 Discussion Of Findings8.5. Conclusions And Policy Recommendations