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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
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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
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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
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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
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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
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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
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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
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Quality of institutions, credit markets and bankruptcy
Hainz, Christa - 2004 - August, 2004 - draft
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a firm is liquidated. Second, it loses the rent...
Persistent link: https://www.econbiz.de/10010440454
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Understanding bank and nonbank credit cycles : a structural exploration
Durdu, Ceyhun Bora; Zhong, Molin - 2019
We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that allows for bank and nonbank financial intermediation. We posit economy-wide aggregate and sectoral disturbances to potentially drive bank and nonbank credit growth. We find that...
Persistent link: https://www.econbiz.de/10012181042
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Government banks and interventions in credit markets
Joaquim, Gustavo; Netto, Felipe; Ornelas, José Renato Haas - 2022 - This version: September 2022
We study a large-scale quasi-experiment in the Brazilian banking sector characterized by an unexpected and macroeconomically relevant increase in lending by commercial government banks. Using credit registry data, we find that this intervention led to a reduction in lending rates, but it did not...
Persistent link: https://www.econbiz.de/10013468219