Narrow search
Showing 1 - 10 of 7,602
Cover Image
Finance and inequality : the distributional impacts of bank credit rationing
Choudhary, M. Ali; Jain, Anil - 2017
We analyze reductions in bank credit using a natural experiment where unprecedented flooding differentially affected banks that were more exposed to flooded regions in Pakistan. Using a unique dataset that covers the universe of consumer loans in Pakistan and this exogenous shock to bank...
Persistent link: https://www.econbiz.de/10011779563
Cover Image
Income inequality and private bank credit in developed economies
Kvedaras, Virmantas - 2017
The influence of financial deepening on income inequality in developed economies is studied with particular interest in … economies (Kunieda et al., 2014) and extending its implications for the top-income shares, it is shown that a simultaneous … growth rate increases inequality, as measured by both the Gini index and the top-income shares. To establish the effect on …
Persistent link: https://www.econbiz.de/10012054552
Cover Image
Credit Supply, Firms, and Earnings Inequality
Moser, Christian - 2020
We study the distributional effects of a monetary policy-induced firm-level credit supply shock on individual wages and employment. To this end, we construct a novel dataset that links worker employment histories to firms' bank credit relationships in Germany. We document that firms in...
Persistent link: https://www.econbiz.de/10012834529
Cover Image
Lifting the banking veil : credit standards' harmonization through lending transparency
Kang, Jung Koo; Loumioti, Maria; Moerman, Regina Wittenberg - 2020
We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank offers across its different geographic regions. We take advantage of a novel loan-level reporting initiative by the European Central Bank, which requires repo borrowing banks...
Persistent link: https://www.econbiz.de/10012154163
Cover Image
Effects of Credit Supply on Unemployment and Inequality
Bandyopadhyay, Subhayu - 2016
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10012987688
Cover Image
Effects of Credit Supply on Unemployment and Inequality
Bandyopadhyay, Subhayu - 2019
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10013210414
Cover Image
From Loans to Labor : Access to Credit, Entrepreneurship, and Child Labor
Lakdawala, Leah - 2018
This paper seeks to understand household business decisions in response to increased credit access in an environment with multiple market failures. A simple model suggests that households at certain wealth thresholds might be able to overcome the fixed costs of entering entrepreneurship when...
Persistent link: https://www.econbiz.de/10012915055
Cover Image
Lending Relationships and Monetary Policy
Aksoy, Yunus; Basso, Henrique S.; Coto-Martínez, Javier - 2012
Financial intermediation and bank spreads are important elements in the analysis of business cycle transmission and monetary policy. We present a simple framework that introduces lending relationships, a relevant feature of financial intermediation that has been so far neglected in the monetary...
Persistent link: https://www.econbiz.de/10014194121
Cover Image
Competition and Adverse Selection in the Small-Dollar Loan Market : Overdraft versus Payday Credit
Melzer, Brian; Morgan, Donald P. - 2010
We find that competition from payday lenders leads depository institutions to raise overdraft fees and reduce the availability of “free” checking accounts. We attribute this rise in prices partly to adverse selection created by banks’ practice of charging a flat fee regardless of the...
Persistent link: https://www.econbiz.de/10014204039
Cover Image
Open Banking : Credit Market Competition When Borrowers Own the Data
He, Zhiguo; Huang, Jing; Zhou, Jidong - 2021
Open banking facilitates data sharing consented by customers who generate the data, with a regulatory goal of promoting competition between traditional banks and challenger fintech entrants. We study lending market competition when sharing banks' customer data enables better borrower screening...
Persistent link: https://www.econbiz.de/10013250348