Do banks with low capital extend excessive credit to weak firms, and does this matter for aggregate efficiency? Using a … with low capital can be an important source of aggregate inefficiency in the long run, their contribution to the severity … of the great recession via capital misallocation was modest. …

. These were usually established because of a scarcity of private venture capital, with a mission to contribute to …

sheets (liquidity effect), banks that depend more on wholesale funding (retail effect) and low-capitalized banks (capital … effect). The role of bank capital is, however, ambiguous. Besides the above favorable direct effect on loan supply, lower …

an earlier rate cut within positive territory, and risk-taking reduces regulatory capital cushions and liquidity. …

) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of "capital" frequently receives only cursory attention, despite the …