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Target Setting and Allocative Inefficiency in Lending : Evidence from Two Chinese Banks
Cao, Yiming - 2018
effects of target-setting on capital allocation, in a context in which such concerns have risen to particular prominence in …
Persistent link: https://www.econbiz.de/10012911690
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Misallocation, Property Rights, and Access to Finance : Evidence from within and Across Africa
Kalemli-Ozcan, Sebnem - 2012
We study capital misallocation within and across 10 African countries using the World Bank Enterprise Surveys. First … product of capital (MPK), implying that countries could produce significantly more with the same aggregate capital stock if … capital were allocated optimally. Such variation differs from country to country with some African countries (success stories …
Persistent link: https://www.econbiz.de/10013107022
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Housing and the Macroeconomy : The Role of Bailout Guarantees for Government Sponsored Enterprises
Jeske, Karsten - 2015
This paper evaluates the macroeconomic and distributional effects of government bailout guarantees for Government Sponsored Enterprises (such as Fannie Mae and Freddy Mac) in the mortgage market. In order to do so we construct a model with heterogeneous, infinitely lived households and...
Persistent link: https://www.econbiz.de/10013037535
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Deregulation, Misallocation, and Size : Evidence from India
Alfaro, Laura - 2014
This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm-size dynamics and the reallocation of resources within industries over time. Following deregulation, we find that the extent of resource misallocation declines and a considerable thickening of...
Persistent link: https://www.econbiz.de/10013064852
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The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s
Calomiris, Charles W. - 2012
This paper examines the effects of the Reconstruction Finance Corporation's (RFC) loan and preferred stock programs on bank failure rates in Michigan during the period 1932-1934, which includes the important Michigan banking crisis of early 1933 and its aftermath. Using a new database on...
Persistent link: https://www.econbiz.de/10013100128
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Big Banks and Macroeconomic Outcomes : Theory and Cross-Country Evidence of Granularity
Bremus, Franziska - 2013
Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups. Using this framework, we show conditions under which...
Persistent link: https://www.econbiz.de/10013081202
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Cross-Border Prudential Policy Spillovers : How Much? How Important? Evidence from the International Banking Research Network
Buch, Claudia M. - 2016
The development of macroprudential policy tools has been one of the most significant changes in banking regulation in recent years. In this multi-study initiative of the International Banking Research Network, researchers from fifteen central banks and two international organizations use...
Persistent link: https://www.econbiz.de/10012978107
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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
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
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The Death of a Regulator : Strict Supervision, Bank Lending and Business Activity
Granja, Joao - 2018
capital but can also correct deficiencies in bank management and lending practices, leading to more lending and a reallocation …
Persistent link: https://www.econbiz.de/10012931214
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Who Supplies PPP Loans (and Does it Matter)? Banks, Relationships and the Covid Crisis
Li, Lei; Strahan, Philip E. - 2021
We analyze bank supply of credit under the Paycheck Protection Program (PPP). The literature emphasizes relationships as a means to improve lender information, which helps banks manage credit risk. Despite imposing no risk, however, PPP supply reflects traditional measures of relationship...
Persistent link: https://www.econbiz.de/10013251797