This paper identifies the various channels that give rise to a "sovereign-bank nexus" whereby the financial health of …

environment or the lack of creditor protection. We find no evidence that foreign bank presence leads to stricter loan approval …

How does home ownership affect new business creation? We develop a model of career choice in the presence of liquidity …

effect of monetary policy and the business cycle on bank lending and risk-taking. Identification rests on exploiting 1) the …This paper conducts the first empirical study of the bank balance sheet channel using data on discouraged and … exogeneity of monetary policy to local business cycles, and 2) firm-level and bank-level data to separate the supply of credit …

This paper studies the causal effect of gender bias on access to bank credit. We extract an exogenous measure of gender … are more frequently discouraged from applying for bank credit and more likely to rely on informal finance. At the same … not driven by credit risk differences between female- and male-owned firms or by any idiosyncrasies in the set of …