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Are banks different? : evidence from international data
Buch, Claudia M. - 2000
Pecking order models of international finance suggest that countries should become less reliant on international bank lending as they develop. Reduced information costs are one of the factors behind this trend towards disintermediation. This paper presents a simple model on the choice between...
Persistent link: https://www.econbiz.de/10011473710
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When credit bites back : leverage, business cycles, and crises
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2011
Persistent link: https://www.econbiz.de/10009426755
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When credit bites back : leverage, business cycles and crises
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2012
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study …; and for both types of recession, more credit-intensive expansions tend to be followed by deeper recessions and slower … controls and their lags. Then we study how past credit accumulation impacts the behavior of not only output but also other key …
Persistent link: https://www.econbiz.de/10009686557
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When Credit Bites Back : Leverage, Business Cycles, and Crises
Jordà, Òscar - 2011
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study …; and for both types of recession, more credit-intensive expansions tend to be followed by deeper recessions and slower … controls and their lags. Then we study how past credit accumulation impacts the behavior of not only output but also other key …
Persistent link: https://www.econbiz.de/10013118125
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When Credit Bites Back : Leverage, Business Cycles and Crises
Jorda, Oscar - 2015
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study …; and for both types of recession, more credit-intensive expansions tend to be followed by deeper recessions and slower … controls and their lags. Then we study how past credit accumulation impacts the behavior of not only output but also other key …
Persistent link: https://www.econbiz.de/10013012957
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Heterogeneity in corporate debt structures and the transmission of monetary policy
Holm-Hadulla, Fédéric; Thürwächter, Claire - 2020
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
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When Credit Bites Back : Leverage, Business Cycles, and Crises
Jordà, Òscar - 2011
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study …; and for both types of recession, more credit-intensive expansions tend to be followed by deeper recessions and slower … controls and their lags. Then we study how past credit accumulation impacts the behavior of not only output but also other key …
Persistent link: https://www.econbiz.de/10012461036
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Financing SMEs in Europe
Balling, Morten (ed.); Bernet, Beat (ed.); Gnan, Ernest (ed.) - Conference on "Financing SMEs in Europe" <2008, Paris>; … - 2009
Small and medium-sized enterprises are a centrepiece of Europe's economy. Due to their limited size and their generally …, a conference on "Financing SMEs in Europe" was jointly organised by SUERF and the Banque de France on 11 and 12 … bank credit for SMEs, the consequences of Basel II on credit risk analysis and SMEs' possible strategic replies were …
Persistent link: https://www.econbiz.de/10011705468
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Does Management Matter in Schools?
Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Van … - 2014
We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational outcomes. The UK, Sweden, Canada and the US obtain the...
Persistent link: https://www.econbiz.de/10010468154
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Management practices, workforce selection, and productivity
Bender, Stefan; Bloom, Nicholas; Card, David; Van … - 2016
Recent research suggests that much of the cross-firm variation in measured productivity is due to differences in use of advanced management practices. Many of these practices - including monitoring, goal setting, and the use of incentives - are mediated through employee decision-making and...
Persistent link: https://www.econbiz.de/10011531736