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International Banking and Liquidity Risk Transmission : Lessons from Across Countries
Buch, Claudia M.; Goldberg, Linda S. - 2021
Activities of international banks have been at the core of discussions on the causes and effects of the international financial crisis. Yet we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through international banks, including the reasons for...
Persistent link: https://www.econbiz.de/10013312517
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Aggregate Risk and the Choice between Cash and Lines of Credit
Acharya, Viral V. - 2010
cash reserves or bank lines of credit. Banks create liquidity for firms by pooling their idiosyncratic risks. As a result …, firms with high aggregate risk find it costly to get credit lines from banks and opt for cash reserves in spite of higher … have a higher ratio of cash reserves to lines of credit, controlling for other determinants of liquidity policy. This …
Persistent link: https://www.econbiz.de/10013141860
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Communication within Banking Organizations and Small Business Lending
Levine, Ross - 2019
We investigate how communication within banks affects small business lending. Using travel time between a bank's headquarters and its branches to proxy for the costs of communicating soft information, we exploit shocks to these travel times to evaluate the impact of within bank communication...
Persistent link: https://www.econbiz.de/10012869574
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Does Financing Spur Small Business Productivity? Evidence from a Natural Experiment
Krishnan, Karthik - 2014
We analyze how increased access to financing affects firm total factor productivity (TFP) by exploiting a natural experiment following interstate banking deregulations which increased access to bank financing. We find that firms' TFP increases after their states implement these deregulations....
Persistent link: https://www.econbiz.de/10013053481
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The Direct and Indirect Effects of Small Business Administration Lending on Growth : Evidence from U.S. County-Level Data
Young, Andrew T. - 2014
businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small …
Persistent link: https://www.econbiz.de/10013046172
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Labor Market Returns to Two- and Four-Year Colleges : Is a Credit a Credit and Do Degrees Matter?
Kane, Thomas J. - 2010
In CPS data, the 20% of the civilian labor force with 1-3 years of college earn 15% more than high school graduates. We use data from the National Longitudinal Study of the High School Class of1972 which includes postsecondary transcript data and the NLSY to study the distinct returns to 2-year...
Persistent link: https://www.econbiz.de/10013138622
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Getting to the Top of Mind : How Reminders Increase Saving
Karlan, Dean S. - 2010
We develop and test a simple model of limited attention in intertemporal choice. The model posits that individuals fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry generates some predictions that overlap with models of...
Persistent link: https://www.econbiz.de/10013139968
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When Credit Bites Back : Leverage, Business Cycles, and Crises
Jordà, Òscar - 2011
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study …; and for both types of recession, more credit-intensive expansions tend to be followed by deeper recessions and slower … controls and their lags. Then we study how past credit accumulation impacts the behavior of not only output but also other key …
Persistent link: https://www.econbiz.de/10013118125
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Stories of the Twentieth Century for the Twenty-First
Gourinchas, Pierre-Olivier - 2011
domestic credit expansion and real currency appreciation have been the most robust and significant predictors of financial …
Persistent link: https://www.econbiz.de/10013121927
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The Availability and Utilization of 401(K) Loans
Beshears, John - 2011
We document the loan provisions in 401(k) savings plans and how participants use 401(k) loans. Although only about 22% of savings plan participants who are allowed to borrow from their 401(k) have such a loan at any given point in time, almost half had used a 401(k) loan over a longer,...
Persistent link: https://www.econbiz.de/10013123978