We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt … conditions implementation on sufficient bank participation. Preferred stock plus warrants reduces opportunistic participation by … aggregate credit risk exceed the cost of implicit transfers to bank debt holders …

frontier technologies balances such multi-dimensional factor input-technology mismatch, thus mitigating the efficiency loss …

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies … importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups …

What determines the technology that a country adopts? While many factors affect technological adoption, the efficiency …

studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign …. Overall, these findings suggest that bank health, and not ownership per se, is the critical element in the growth, volatility …, and cyclicality of bank credit. Diversity in ownership appears to contribute to greater stability of credit in times of …