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The Price Effects of Cash Versus In-Kind Transfers
Cunha, Jesse M. - 2011
This paper compares how cash and in-kind transfers affect local prices. Both types of transfers increase the demand for normal goods, but only in-kind transfers also increase supply. Hence, in-kind transfers should lead to lower prices than cash transfers, which helps consumers at the expense of...
Persistent link: https://www.econbiz.de/10012461203
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Long-Run Price Elasticities of Demand for Credit : Evidence from a Countrywide Field Experiment in Mexico
Karlan, Dean - 2013
The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and lending practice. We use randomized interest rates, offered across 80 regions by Mexico's largest microlender, to identify a 29-month dollars-borrowed elasticity of -1.9. This...
Persistent link: https://www.econbiz.de/10012459555
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FinTech as a Financial Liberator
Buchak, Greg; Hu, Jiayin; Wei, Shang-jin - National Bureau of Economic Research - 2021
A binding interest rate cap on household savings is a common form of financial repression in developing economies and typically benefits banks. Using proprietary data from a leading Chinese FinTech company, we study Fintech's role in ending financial repression in China through the introduction...
Persistent link: https://www.econbiz.de/10012696357
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Corporate Misreporting and Bank Loan Contracting
Graham, John R. - 2007
This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans …
Persistent link: https://www.econbiz.de/10012464938
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How Much Do Banks Use Credit Derivatives to Reduce Risk?
Minton, Bernadette A. - 2005
This paper examines the use of credit derivatives by US bank holding companies from 1999 to 2003 with assets in excess … of one billion dollars. Using the Federal Reserve Bank of Chicago Bank Holding Company Database, we find that in 2003 … represent on average two thirds of the assets of bank holding companies with assets in excess of $1 billion. Few banks are net …
Persistent link: https://www.econbiz.de/10012467099
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Bank Size, Reputation, and Debt Renegotiation
Fernandez, Raquel - 1988
This paper examines the effect that the coexistence of small and large banks, with different interests in the international market, has on the debt renegotiation process. Making use of a reputational model, we argue that the presence of small banks implies that debtor countries have a harder...
Persistent link: https://www.econbiz.de/10012476357
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Banks’ Internal Capital Markets and Deposit Rates
Ben-David, Itzhak - 2015
. Using branch-level deposit rate data, we find little evidence for market discipline as rates are similar across bank … correlated with loan growth in other states in which their bank has some presence, suggesting internal capital markets help … reallocate the bank's funding …
Persistent link: https://www.econbiz.de/10011955520
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Trust in Lending
Thakor, Richard T. - 2018
competitive interactions between banks and non-bank lenders (fintech firms). Trust enables lenders to have assured access to …
Persistent link: https://www.econbiz.de/10012452943
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Political Borders and Bank Lending in Post-Crisis America
Chavaz, Matthieu - 2016
We use spatial discontinuities associated with congressional district borders to identify the effect of political influences on American banks' lending. We show that recipients of the 2008 public capital injection program (TARP) increased mortgage and small business lending by 23% to 60% more in...
Persistent link: https://www.econbiz.de/10012455874
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How Much do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data
Amiti, Mary - 2013
separate firm-borrowing shocks from bank-supply shocks using a vast sample of matched bank-firm lending data. We decompose … aggregate loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks. The high degree of … role for granular shocks as in Gabaix (2011). We show that idiosyncratic granular bank-supply shocks explain 30-40 percent …
Persistent link: https://www.econbiz.de/10012459771