results suggest that finance starts having a negative effect on output growth when credit to the private sector reaches 100 …

Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy …

country's own macroeconomic fundamentals. SMEs, in particular, remain severely credit constrained, and data to inform better …

find substantial employment and labor productivity growth gains at the firm level from access to credit, gains that are … from improved credit bureau coverage and insolvency regimes. Finally, cross-country aggregate evidence confirms the …

Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to … ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the … patterns of credit growth in 18 countries in Latin America and uses econometric methods to determine whether it is indicative …

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store …-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low … leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks. Empirical …