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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

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

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

Employer Credit Checks : Poverty Traps Versus Matching Efficiency

Corbae, Dean - 2018

We develop a framework to understand pre-employment credit screening through adverse selection in labor and credit markets. Workers differ in an unobservable characteristic that induces a positive correlation between labor productivity and repayment rates in credit markets. Firms therefore...

Persistent link: https://www.econbiz.de/10012911471

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

How Close is Asia to Already Being a Trade Bloc?

Li, Chunding - 2014

another. For countries in Asia there is negotiation of a China-Japan-Korea agreement, a China-India agreement, a Trans …

Persistent link: https://www.econbiz.de/10013048052

International Banking and Cross-Border Effects of Regulation : Lessons from the United States

Berrospide, Jose M. - 2016

subsidiaries of foreign banks. Second, a foreign tightening of capital requirements shifts lending by U.S. global banks away from … the country where the tightening occurs to the United States and to other countries. Third, tighter U.S. capital …

Persistent link: https://www.econbiz.de/10012982940

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

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

Financial Dampening

Wieland, Johannes - 2016

exploiting linkages through BHC-internal capital markets across spatially-separate BHC member-banks. We estimate that retrenching …

Persistent link: https://www.econbiz.de/10012995512