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June 2000 - Do industries that depend heavily on external finance grow faster in market-based or bank-based financial systems? Are new firms more likely to form in a bank-based or a market-based financial system? Beck and Levine find no evidence for the superiority of either market-based or...
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We analyze the credit supply and real sector effects of bank bail-ins by exploiting the unexpected failure of a major Portuguese bank and subsequent resolution. Using a matched firm-bank dataset on credit exposures and interest rates, we show that while banks more exposed to the bail-in...
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We analyze the credit supply and real sector effects of bank bail-ins by exploiting the unexpected failure of a major Portuguese bank and subsequent resolution. Using a matched firm-bank dataset on credit exposures and interest rates, we show that while banks more exposed to the bail-in...
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), February, 1-37 -- Leora Klapper, Luc Laeven and Raghuram Rajan (2006), 'Entry Regulation as a Barrier to Entrepreneurship … provides an overview of the area of entrepreneurship in developing countries …), 'Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship', Journal of Political Economy, 114 (1), 100 …
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