reallocation of capital across sectors is costly. The two-sector model leads to a richer array of possible responses of aggregate …

information by taking advantage of their own networks. The link between related investing and the concentration of ownership in … beneficial for capital mobilization in emerging ventures. These patterns are consistent with a more productive interpretation of …

markedly as public and private sectors look inward when external financing becomes prohibitively costly, altogether impossible …, driven importantly by increased "liability" home bias in finance and by official capital outflows. We present evidence from …

suggests that although bank lending to firms declines during the crisis, bond financing actually increases to make up much of …