, the now infamous credit to GDP chart. We compare the conclusions reached in the literature after the crisis with the … results that could have been drawn from an ex ante analysis. We show that, even though credit affects the business cycle in …

the effects of syndication on the post-investment involvement of venture capitalists. We analyse a model where a venture … becomes de facto a potential competitor. We show that this potential competition can only be avoided through syndication …, which affects the learning process. We further explore the cost of syndication in terms of investment decisions or post …

This paper uses a data-set including time series data on macroeconomic variables, loans, deposits and interest rates … studies while we uncover new facts on disaggregated loans and deposits. During the crisis the cyclical behavior of short term … interest rates, loans and deposits remain stable but we identify unusual dynamics of longer term loans, deposits and longer …

This paper develops a model of equilibrium in the market for loans. It focuses on the effects on equilibrium of (i … lender. We examine the different types of imperfection in the credit market which arise as a consequence of these differences … and draw a distinction between outcomes where credit is rationed (the borrower would wish to borrow more at some interest …

loans to Central Europe and reconstruction of the gold standard system was needed to initiate long-term capital flows. A …

instruments which, if properly managed, perform better than either loans or grants taken in isolation. The core of the intuition …

moving beyond entrepreneurial credit and offering consumer loans. But many practitioners and policymakers are skeptical about …Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners … expansion. There is less consensus on the role of consumer credit in expansion initiatives. Some microfinance institutions are …

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This … paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of …

subset was offered a simplified procedure to purchase a household connection on credit (at a zero percent interest rate … treatment group, despite the financial cost of the connection. Our results suggest that facilitating access to credit for …