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The Political Economy of Bank Lending : Evidence from an Emerging Market
Agarwal, Sumit - 2017
the universe of commercial loans in Mexico from 2003 to 2012. Identification relies on changes in the state of origin of a …
Persistent link: https://www.econbiz.de/10012969958
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The International Bank Lending Channel of Monetary Policy Rates and Quantitative Easing : Credit Supply, Reach-for-Yield, and Real Effects
Morais, Bernardo - 2017
in Mexico, matched with firm and bank balance-sheet data, and by exploiting foreign monetary policy shocks, given the … large presence of European and U.S. banks in Mexico. The paper finds that a softening of foreign monetary policy increases … banks (for example, U.K. monetary policy affects credit supply in Mexico via U.K. banks), in turn implying strong real …
Persistent link: https://www.econbiz.de/10012971990
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SME Finance
Ayyagari, Meghana - 2017
This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises, especially in developing countries. The paper first discusses the institutional constraints that impede access to finance, including the lack of reliable credit information, lack...
Persistent link: https://www.econbiz.de/10012943536
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How Does Long-Term Finance Affect Economic Volatility?
Demirgüç-Kunt, Asli - 2017
This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in countries with better-developed...
Persistent link: https://www.econbiz.de/10012970254
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SME Finance in Africa
Beck, Thorsten - 2017
This paper uses cross-country firm-level surveys to gauge access to financial services and the importance of financing constraints for African enterprises. The paper compares access to finance in Africa and other developing regions of the world, within Africa across countries, and across...
Persistent link: https://www.econbiz.de/10012972791
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European Bank Deleveraging and Global Credit Conditions : Implications of a Multi-Year Process on Long-Term Finance and Beyond
Feyen, Erik - 2017
This paper assesses European bank deleveraging and its impact on global credit conditions. Before the onset of the global financial crisis, European banks had rapidly expanded their foreign lending activities. However, European banks have since been tightening credit conditions in Europe more...
Persistent link: https://www.econbiz.de/10012974525
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Free Riding in Loan Approvals : Evidence from SME Lending in Peru
Arraiz, Irani - 2019
This paper provides evidence that commercial lenders in Peru free ride off their peers'screening efforts. Leveraging a discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan approvals by issuing approvals of their own....
Persistent link: https://www.econbiz.de/10012858272
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Owe a Bank Millions, the Bank Has a Problem : Credit Concentration in Bad Times
Agarwal, Sumit - 2020
This paper studies the dynamics of credit supply when a negative shock impacts a substantial share of bank loans. The analysis exploits the 2014 collapse of energy prices, using the universe of Mexican commercial bank loans. The findings show that, after the drop in energy prices, the credit...
Persistent link: https://www.econbiz.de/10012838006
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Gender Bias in SME Lending : Experimental Evidence from Turkey
Alibhai, Salman - 2020
Gender disparities in small and medium-size enterprise lending exist around the world and impede the growth of millions of women-led firms. This paper examines a potential driver of these disparities: gender-biased loan officers. Officer bias is measured through a novel loan application...
Persistent link: https://www.econbiz.de/10012845027
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Determinants of Long-Term Versus Short-Term Bank Credit in EU Countries
Anderson, Haelim - 2017
This paper empirically examines the determinants of credit at different maturities across European Union countries during the last decade. The paper documents the lengthening of maturities since the early 2000s, and whether these patterns were driven by similar factors in advanced countries and...
Persistent link: https://www.econbiz.de/10012970864