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We use the association between non-financial firms and their banks, an information available in the European Investment Bank Investment Survey (EIBIS), to disentangle the effects of borrowers' and lenders' financial weakness on the satisfaction with the loan contracted. The dataset matches...
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This paper shows that finance has been a key ingredient of long-term economic growth in OECD and G20 countries over the … past half-century, but that there can be too much finance. The evidence indicates that at current levels of household and …
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