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The global financial crisis of 2008 was followed by a wave of regulatory reforms that affected large banks, especially those with a global presence. These reforms were reactive to the crisis. In this paper we propose a structural model of global banking that can be used proactively to perform...
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Brazil's 2005 bankruptcy law reform strengthened creditor protection, resulting in a substantial acceleration of credit … alleviating credit constraints for high productivity firms. After the reform, better access to credit allowed these firms to … thrive on the expense of others. Our results suggest that better access to credit can improve the allocation of resources …
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Romer (2000) provides an alternative model to the AS/AD and IS/LM models that abandons the LM schedule by having the short-term interest rate set by the central bank. His framework acknowledges the critical role of the central bank in determining short-term interest rates, which moves mainstream...
Persistent link: https://www.econbiz.de/10003772306
This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …
Persistent link: https://www.econbiz.de/10011416380
The aim of this paper is analyzing the evolution of the Brazilian credit market from 2003 to 2011 and its impact on … inequality in Brazil. The arguments are organized as follows. After an introductory section, the second one presents the … determinants and the general trends of the banking credit market between December 2003 and December 2011, while the third section …
Persistent link: https://www.econbiz.de/10011301924