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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/10012480614
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Industry Growth and Capital Allocation : Does Having a Market- or Bank-Based System Matter?
Beck, Thorsten - 2002
external finance, facilitating the formation of new establishments, and improving the efficiency of capital allocation across … overall financial development boost industry growth, new establishment formation, and efficient capital allocation, having a …
Persistent link: https://www.econbiz.de/10012469732
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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/10012460629
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Deposit and Credit Reallocation in a Banking Panic : The Role of State-Owned Banks
Acharya, Viral V.; Das, Abhiman; Kulkarni, Nirupama; … - National Bureau of Economic Research - 2022
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
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The Real Effects of Banking the Poor : Evidence from Brazil
Fonseca, Julia; Matray, Adrien - National Bureau of Economic Research - 2022
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
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Housing and the Macroeconomy : The Role of Bailout Guarantees for Government Sponsored Enterprises
Jeske, Karsten - 2011
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
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Deregulation, Misallocation, and Size : Evidence from India
Alfaro, Laura - 2012
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/10012460010
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Beware the Side Effects : Capital Controls, Trade, Misallocation and Welfare
Andreasen, Eugenia; Bauducco, Sofía; Dardati, Evangelina; … - National Bureau of Economic Research - 2023
We show that capital controls have large adverse effects on misallocation, exports and welfare using a dynamic Melitz … effects increase misallocation by reducing capital-labor ratios and rising firm prices, dynamic effects reduce it by …
Persistent link: https://www.econbiz.de/10014226160
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Household Credit as Stimulus? Evidence from Brazil
Garber, Gabriel; Mian, Atif; Ponticelli, Jacopo; Sufi, Amir - National Bureau of Economic Research - 2021
From 2011 to 2014, the Brazilian government conducted a heavily advertised major credit expansion program through government banks as part of its effort to stimulate the economy. Using administrative data on individual-level borrowing and spending, we find that the program led to a substantial...
Persistent link: https://www.econbiz.de/10012660064
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Fiscal Stimulus and Commercial Bank Lending Under COVID-19
Aizenman, Joshua; Jinjarak, Yothin; Spiegel, Mark - National Bureau of Economic Research - 2022
We investigate the implications of extra-normal government spending under the COVID-19 pandemic for commercial bank lending growth between 2019Q4 and 2020Q4 in a large sample of over 3000 banks from 71 countries. We control for pre-pandemic structural factors, bank characteristics and government...
Persistent link: https://www.econbiz.de/10013172181