technology to deal with private debt distress (bankruptcy technology), and obstacles to entrepreneurship (high costs of doing … protection, and eliminate obstacles to entrepreneurship …

This paper analyzes the importance of information technology (IT) in banking for entrepreneurship. To guide our … entrepreneurship by making it easier for startups to borrow against collateral. We provide empirical evidence that job creation by … lending channel for IT banks, entrepreneurship increases more in IT-exposed counties when house prices rise. In line with the …

sector through two financial processes. Investment banks intermediate cross-border credit through interlinked debt contracts … processes are needed to facilitate development of key production inputs. The model captures procyclical investment bank leverage … propagate across the two processes, affecting spreads and balance sheets, as well as the real economy through investment and …

We study a simple general equilibrium model in which investment in a risky technology is subject to moral hazard and …