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How Does Long-Term Finance Affect Economic Volatility?
Demirgüç-Kunt, Asli - 2016
-level growth volatility. We find 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 financial systems, as these firms may benefit …-term finance reduces growth volatility in crisis as well as non-crisis periods …
Persistent link: https://www.econbiz.de/10013000820
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When credit bites back : leverage, business cycles and crises
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2012
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study of the universe of over 200 recession episodes in 14 advanced countries between 1870 and 2008, we document two key facts of the modern business cycle: financial-crisis...
Persistent link: https://www.econbiz.de/10009686557
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Formal versus informal finance : evidence from China
Ayyagari, Meghana; Demirgüç-Kunt, Asli; Maksimovic, … - In: The review of financial studies 23 (2010) 8, pp. 3048-3097
Persistent link: https://www.econbiz.de/10008662059
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When credit bites back : leverage, business cycles, and crises
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2011
Persistent link: https://www.econbiz.de/10009426755
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When credit bites back : leverage, business cycles, and crises
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2011
Persistent link: https://www.econbiz.de/10009486214
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When credit bites back
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - In: Journal of money, credit and banking : JMCB 45 (2013), pp. 3-28
Persistent link: https://www.econbiz.de/10010344559
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When credit bites back : leverage, business cycles, and crises
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2011
Persistent link: https://www.econbiz.de/10009409503
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Formal versus informal finance : evidence from China
Ayyagari, Meghana - 2008
Persistent link: https://www.econbiz.de/10003626180
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When Credit Bites Back : Leverage, Business Cycles, and Crises
Jordà, Òscar - 2011
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study of the universe of over 200 recession episodes in 14 advanced countries between 1870 and 2008, we document two key facts of the modern business cycle: financial-crisis...
Persistent link: https://www.econbiz.de/10012461036
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When Credit Bites Back : Leverage, Business Cycles, and Crises
Jordà, Òscar - 2011
This paper studies the role of credit in the business cycle, with a focus on private credit overhang. Based on a study of the universe of over 200 recession episodes in 14 advanced countries between 1870 and 2008, we document two key facts of the modern business cycle: financial-crisis...
Persistent link: https://www.econbiz.de/10013118125