We document a major mechanism – inorganic growth – which drives a wedge between micro-study effects of credit supply … shocks and aggregate effects. Exploiting a quasi-exogenous positive shock to credit supply, we document that affected firms …, and the quality of the credit-supply-induced acquisition activity is low. The market for inorganic growth is large …

seventeenth century -- 5. Why the equity of redemption? 6. Credit and land: the Jews of Zaragoza 1383-1400 -- 7. Not only land …: mortgage credit in central-northern Italy in the sixteenth and seventeenth centuries -- 8. Rural credit markets in eighteenth … history, rural credit and debt, and the economic history of agrarian communities. …

history, credit and debt … history, credit and debt. …

total credit share in the GDP. Previous empirical studies show to be sensitive to the choice of the finance proxy indicator …. Total credit share in the GDP appears biased in empirical modeling. Credit structure (loans to firms and households) prove … to be more robust when used in the modeling. Credit structure reveals a different impact on economic growth showing …