25 Years IWH

Professor Hans Degryse, PhD

Professor Hans Degryse, PhD
Current Position

since 12/16

Research Fellow at the Department of Financial Markets

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

since 01/12

Research Professor

KU Leuven

Research Interests

  • financial intermediation
  • empirical banking

Hans Degryse joined the Department of Financial Markets as a Research Fellow in December 2016. His research focuses on financial intermediation, including empirical banking, the law and economics of banking, and market microstructure.

Hans Degryse is Research Professor at KU Leuven. Before that he taught at CentER, the research institute of Tilburg University.

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Professor Hans Degryse, PhD
Professor Hans Degryse, PhD
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Publications

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The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries

Hans Degryse Thomas Lambert Armin Schwienbacher

in: The Economic Journal, No. 611, 2018

Abstract

Voting rights were initially limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development, as this new electorate has lower financial holdings and benefits less from the riskiness and financial returns from stock markets. Our panel data evidence covering the years 1830–1999 shows that tighter restrictions on the voting franchise induce greater stock market development, whereas a broader voting franchise is more conducive to the banking sector, consistent with Perotti and von Thadden (2006). The results are robust to controlling for other institutional arrangements and endogeneity.

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When Arm’s Length Is Too Far: Relationship Banking over the Credit Cycle

Thorsten Beck Hans Degryse Ralph De Haas Neeltje van Horen

in: Journal of Financial Economics, No. 1, 2018

Abstract

We conduct face-to-face interviews with bank CEOs to classify 397 banks across 21 countries as either relationship or transaction lenders. We then use the geographic coordinates of these banks’ branches and of 14,100 businesses to analyze how the lending techniques of banks in the vicinity of firms are related to credit constraints at two contrasting points of the credit cycle. We find that while relationship lending is not associated with credit constraints during a credit boom, it alleviates such constraints during a downturn. This positive role of relationship lending is stronger for small and opaque firms and in regions with a more severe economic downturn. Moreover, our evidence suggests that relationship lending mitigates the impact of a downturn on firm growth and does not constitute evergreening of loans.

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Relationship Banking and SME Financing: The Case of Wales

Kent Matthews Hans Degryse Tianshu Zhao

in: International Journal of Banking, Accounting and Finance, No. 1, 2017

Abstract

Regional disparities in credit availability across the UK have been highlighted in a series of studies as a factor affecting both new firm starts and small firm growth prospects. This paper suggests that relationship banking might be an important means of attenuating differences in credit availability. The paper focuses on the value of relationship banking to SMEs in Wales in the period following the global banking crisis. The results show that SMEs that had developed a customer-loan relationship with their banks had a lower probability of experiencing a worsened credit outcome than those that did not. The implications of the findings for regional development and financial provision are discussed.

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