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Do Credit Market Shocks Affect the Real Economy? Quasi-Experimental Evidence from the Great Recession and ‘Normal’ Economic Times

Greenstone, Michael - 2015

. We predict county lending shocks using variation in pre-crisis bank market shares and estimated bank supply …

Persistent link: https://www.econbiz.de/10013031743

Short-Term Loans and Long-Term Relationships : Relationship Lending in Early America

Bodenhorn, Howard - 2001

Recent banking theory holds that durable firm-bank relationships are valuable to both parties. Using contract …-specific loan records of a nineteenth-century U.S. bank, this paper shows that firms that form extended relationships with banks … receive three principal benefits. First, firms with extended relationships face lower credit costs. As the bank …

Persistent link: https://www.econbiz.de/10012787535

A New Metric for Banking Integration in Europe

Gropp, Reint - 2010

taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

Persistent link: https://www.econbiz.de/10012757853

Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers

Bernheim, B. Douglas; Rangel, Antonio - 2021

This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...

Persistent link: https://www.econbiz.de/10013222646

The Reorganization of Inventive Activity in the United States During the Early Twentieth Century

Lamoreaux, Naomi R. - 2014

The standard view of U.S. technological history is that the locus of invention shifted during the early twentieth century to large firms whose in-house research laboratories were superior sites for advancing the complex technologies of the second industrial revolution. In recent years this view...

Persistent link: https://www.econbiz.de/10013070644

The Direct and Indirect Effects of Small Business Administration Lending on Growth : Evidence from U.S. County-Level Data

Young, Andrew T. - 2014

Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...

Persistent link: https://www.econbiz.de/10013046172

Minority Self-Employment in the United States and the Impact of Affirmative Action Programs

Blanchflower, David G. - 2021

n this paper I examine changes in self-employment that have occurred since the early 1980s in the United States. It is a companion paper to a recent equivalent paper that related to the UK. Data on random samples of approximately twenty million US workers are examined taken from the Basic...

Persistent link: https://www.econbiz.de/10013243450

Contractual Tradeoffs and Smes Choice of Organizational Form, a View from U.S. And French History, 1830-2000

Lamoreaux, Naomi R. - 2014

Today the vast majority of multi-owner firms in the United States are corporations, but that was not the case in the past. Before the advent of the income tax, tort litigation, and significant federal regulation, entrepreneurs more often than not chose to organize as partnerships, a form that...

Persistent link: https://www.econbiz.de/10012752127

The Effects of Covid-19 on U.S. Small Businesses : Evidence from Owners, Managers, and Employees

Alekseev, Georgij - 2020

We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to understand the effects of the early stages of the COVID-19 pandemic on those businesses. The survey was fielded in late April 2020 among Facebook business page administrators, frequent...

Persistent link: https://www.econbiz.de/10012830234

Banks as Lenders of First Resort : Evidence from the Covid-19 Crisis

Li, Lei - 2020

-shock bank capital, explain why banks were able to accommodate these liquidity demands …

Persistent link: https://www.econbiz.de/10012832463

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