Narrow search
Showing 1 - 10 of 7,258
Cover Image
Financial development and TFP growth : cross-country and industry-level evidence
Arizala, Francisco; Cavallo, Eduardo A.; Galindo … - 2009
This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using a largely unexploited panel of 77 countries with data for 26 manufacturing industries for the years 1963 to 2003. A significant relationship is found between financial...
Persistent link: https://www.econbiz.de/10003849379
Cover Image
Financial Development and TFP Growth : Cross Country and Industry Level Evidence
Arizala, Francisco - 2009
We estimate the impact of financial development on industry-level TFP growth using a largely unexploited panel of 77 countries with data for 26 manufacturing industries for the years 1963 to 2003. We find a significant relationship between financial development and industry-level TFP growth when...
Persistent link: https://www.econbiz.de/10013160277
Cover Image
Financial Development and Productivity Growth in Stagnant Industries
Le, Nhan - 2020
The U.S. economy has experienced a rapid expansion in industries with low productivity growth. In this paper, we investigate whether financial development improves productivity growth in these industries. Testing reveals that stagnant industries experience remarkable post-deregulation...
Persistent link: https://www.econbiz.de/10012851019
Cover Image
Banking Networks and Economic Growth : From Idiosyncratic Shocks to Aggregate Fluctuations
Kundu, Shohini - 2020
The objective of this paper is to explore the transmission of non-bank capital shocks through banking networks. We … develop a methodology to construct non-bank capital shocks, idiosyncratic shocks, using labor productivity shocks to large … operates through changes in bank loan supply. Our instrumental variable estimates suggest that a 1% increase in the bank loan …
Persistent link: https://www.econbiz.de/10012839265
Cover Image
Banking Networks and Economic Growth : From Idiosyncratic Shocks to Aggregate Fluctuations
Kundu, Shohini; Vats, Nishant - 2021
negative shocks towards other unaffected economies. Our GIV estimates suggest that a 1% increase in bank loan supply is …
Persistent link: https://www.econbiz.de/10013312628
Cover Image
Wealth Management Products, Banking Competition, and Stability : Evidence from China
Feng, Xu; Luetkebohmert, Eva; Xiao, Yajun - 2021
Shadow financing through off-balance sheet wealth management products (WMPs) has become increasingly important besides deposits in China. We quantify the economic magnitude of the effect of WMPs on banking stability in an equilibrium model calibrated to Chinese banking sector data. Alternative...
Persistent link: https://www.econbiz.de/10013217657
Cover Image
India's Banks : Lending to Productive Firms?
George, Siddharth; Kirti, Divya; Martinez Peria, Maria … - 2022
productivity. The analysis reveals that the link between productivity and bank credit growth is weaker for firms with significant …
Persistent link: https://www.econbiz.de/10013289450
Cover Image
Zombie credit and (dis-)inflation: evidence from Europe
Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - 2020
We show that "zombie credit" - cheap credit to impaired firms - has a disinflationary effect. By helping distressed firms to stay afloat, such credit creates excess production capacity, thereby putting downward pressure on product prices. Granular European data on inflation, firms, and banks...
Persistent link: https://www.econbiz.de/10012391508
Cover Image
Lending to unhealthy firms in Japan during the Lost Decade : distinguishing between technical and financial health
Chakraborty, Suparna; Peek, Joe - 2016 - This version: December 2016
The bursting of the stock market and real estate bubbles of the 1980s dramatically shocked and changed the performance of the Japanese economy and the functioning of its banking system, resulting in a prolonged period of economic malaise in Japan, commonly known as the "Lost Decade," although it...
Persistent link: https://www.econbiz.de/10011590342
Cover Image
Banks, Credit Reallocation, and Creative Destruction
Keuschnigg, Christian; Kogler, Michael; Matt, Johannes - 2022
bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By …
Persistent link: https://www.econbiz.de/10014238523