Showing 1 - 10 of 53
vector autoregressive method that controls for bank-level characteristics. Using a panel of banks over 1993-2010, the authors … reports that a larger market share of foreign banks in the industry improves loan quality. …
Persistent link: https://www.econbiz.de/10011162947
Persistent link: https://www.econbiz.de/10010411569
vector autoregressive method that controls for bank-level characteristics. Using a panel of banks over 1993–2010, the authors … find that a positive shock to capital inflows and growth in gross domestic product improves banks’ loan portfolio quality … reports that a larger market share of foreign banks in the industry improves loan quality. …
Persistent link: https://www.econbiz.de/10010729420
vector autoregressive method that controls for bank-level characteristics. Using a panel of banks over 1993-2010, the authors … reports that a larger market share of foreign banks in the industry improves loan quality. …
Persistent link: https://www.econbiz.de/10011142052
Recent work suggests that financial development is important for economic growth, since financial markets more effectively allocate capital to firms with high value projects. For firms in poorly developed financial markets, implicit borrowing in the form of trade credit may provide an...
Persistent link: https://www.econbiz.de/10005084613
We re-examine the role of financial market development in the intersectoral allocation of resources. Specifically, we propose the use of a new methodology that looks at the co-movement in growth rates across pairs of countries to examine the role of financial development in allowing firms to...
Persistent link: https://www.econbiz.de/10005778406
In this note, we revisit an earlier, highly influential paper on Financial Dependence and Growth by Rajan and Zingales (1998), by re-examining their assumptions, and the robustness of their results to alternative theories and interpretations. We first show that they may be implicitly testing...
Persistent link: https://www.econbiz.de/10005050400
We investigate whether the credit contraction that followed the global financial crisis is due to high foreign ownership or high reliance on foreign finding. We apply panel vector autoregressions to quarterly data for 41 countries and find that domestic credit growth is highly sensitive to...
Persistent link: https://www.econbiz.de/10011162939
Using firm-level surveys for up to 73 countries, this paper explores the impact of introducing collateral registries for movable assets on firms' access to bank finance. It compares firms’ access to bank finance in seven countries that introduced collateral registries for movable assets...
Persistent link: https://www.econbiz.de/10011162948
Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth at the microeconomic level is scant. Using data from a cross section of Bulgarian firms, we estimate the impact of access to credit, as...
Persistent link: https://www.econbiz.de/10005791591