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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 - 2008
China is often mentioned as a counterexample to the findings in the finance and growth literature since, despite the … find that a relatively small percentage of firms in the sample utilize formal bank finance with a much greater reliance on …
Persistent link: https://www.econbiz.de/10010521293
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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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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
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Formal Versus Informal Finance : Evidence from China
Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav - 2010
The fast growth of Chinese private sector firms is taken as evidence that informal finance can facilitate firm growth …
Persistent link: https://www.econbiz.de/10012561841