Showing 1 - 10 of 86
In this paper, we investigate a neglected aspect of financial systems of many countries around the world: government ownership of banks. We assemble data which establish four findings. First, government ownership of banks is large and pervasive around the world. Second, such ownership is...
Persistent link: https://www.econbiz.de/10012471151
We study how financial development affects economic development and wage inequality. We use a large expansion of government-owned banks into Brazilian cities with low bank branch coverage and combine it with data on the universe of employees from 2000-2014. We find that higher financial...
Persistent link: https://www.econbiz.de/10013210085
We study the consequences of month-end lending incentives for Chinese bank managers. Using data from two banks, one state-owned and the other partially privatized, we show a clear increase in lending in the final days of each month, a result of both more loan issuance and higher value per loan....
Persistent link: https://www.econbiz.de/10012480614
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/10012461121
We study a bank run in India in which private bank branches experience sudden and considerable loss of deposits that seek safety in state-owned public sector banks (PSBs). We trace the consequences of this reallocation using granular data on bank-firm relationships and branch balance sheets. The...
Persistent link: https://www.econbiz.de/10013435119
This paper presents evidence on whether multinationals are flocking to developing country 'pollution havens'. Although we find some evidence that foreign investors locate in sectors with high levels of air pollution, the evidence is weak at best. We then examine whether foreign firms pollute...
Persistent link: https://www.econbiz.de/10012469826
Is there any empirical evidence that firms become more efficient after becoming exporters? Do firms that become exporters generate positive spillovers for domestically-oriented producers? In this paper we analyze the causal links between exporting and productivity using firm-level panel data...
Persistent link: https://www.econbiz.de/10012473123
Morocco starting in 2006 by Al Amana, the country's largest microfinance institution. Al Amana was the only MFI operating in …
Persistent link: https://www.econbiz.de/10012458520
We study the demand for household water connections in urban Morocco, and the effect of such connections on household …
Persistent link: https://www.econbiz.de/10012461724
"This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
Persistent link: https://www.econbiz.de/10011394323