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Flight to Quality o+L1964r to Captivity? Information and Credit Allocation

Dell'Ariccia, Giovanni; Marquez, Robert - International Monetary Fund (IMF) - 2001

Superior information exchanged over the course of lending relationships generates bank-client specificities to the extent that such information cannot be communicated credibly to outsiders. Consequently, banks obtain higher profits from more captured borrowers than from borrowers with financing...

Persistent link: https://www.econbiz.de/10005825962

The Real Effect of Banking Crises

Dell'Ariccia, Giovanni; Rajan, Raghuram; Detragiache, Enrica - International Monetary Fund (IMF) - 2005

activity, then sectors more dependent on external finance should perform relatively worse during banking crises. The evidence … across sectors are stronger in developing countries, in countries with less access to foreign finance, and where banking …Banking crises are usually followed by a decline in credit and growth. Is this because crises tend to take place during …

Persistent link: https://www.econbiz.de/10005769074

Early Birds, Late Risers, and Sleeping Beauties; Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans

Hollar, Ivanna Vladkova; Dell'Ariccia, Giovanni; … - International Monetary Fund (IMF) - 2003

Following a period of privatization and restructuring, commercial banks in Central and Eastern Europe and, more recently, in the Balkans have rapidly expanded their lending to the private sector. This paper describes the causes of this expansion, assesses future trends, and evaluates its policy...

Persistent link: https://www.econbiz.de/10005769208