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that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …
Persistent link: https://www.econbiz.de/10011493763
There is wide agreement the US student loan system faces significant problems. Seven million borrowers are in default and many more experience non-repayment. The stress of repayments faced by many students results at least in part from the design of US student loans. Specifically, loans are...
Persistent link: https://www.econbiz.de/10011820067
-reported health and mental health in Greece. The specifications suggest that unemployment results in lower health and the … periods of high unemployment, suggesting that the unemployment crisis in Greece is more devastating as it concerns more people …. Greece has been more deeply affected by the financial crisis than any other EU country, and this study contributes by …
Persistent link: https://www.econbiz.de/10010462650
Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action (‘investment’). We build an...
Persistent link: https://www.econbiz.de/10003923918
This paper examines a much overlooked link between credit markets and formalization: since access to bank credit … bank credit is more widely available at lower cost; if so, well-functioning credit markets help foster formal employment at …
Persistent link: https://www.econbiz.de/10003925244
exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010 …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank …
Persistent link: https://www.econbiz.de/10010229932
One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome households. Using household level data on...
Persistent link: https://www.econbiz.de/10010238213
Bank of India in collaboration with State Governments. …
Persistent link: https://www.econbiz.de/10010379210
We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by...
Persistent link: https://www.econbiz.de/10012609174
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment …
Persistent link: https://www.econbiz.de/10011785728