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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
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
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
bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By …
Persistent link: https://www.econbiz.de/10013453926
between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We … estimate an extended set of elasticities of bank credit with respect to a series of productivity measures of firms. We focus …
Persistent link: https://www.econbiz.de/10012963911
-sized enterprises (SMEs), this study seeks to identify the effect of bank market power on aggregate growth components. We test for a pre …-crisis sample whether bank market power spurs or hinders the reallocation of resources across informationally opaque firms … in Germany. The results show that bank markups spur aggregate SME growth, primarily through technical change and the …
Persistent link: https://www.econbiz.de/10013037496
period. In addition, we observe that Total Factor Productivity growth for the median euro area bank decreased from around 2 … bank’s efforts in areas such as rationalisation of branches, digitalisation of business processes and possibly mergers and …
Persistent link: https://www.econbiz.de/10013315354
Central Bank of Nigeria (CBN) should enhance mass migration to the modern banking system largely through the reduced costs of …This study examined the impact of the government-induced banking consolidation on banks' productivity in Nigeria by … the changes are by fiat, TFP shows growth trends on the market average, market categories and individual bank levels. The …
Persistent link: https://www.econbiz.de/10013049256
80% of total bank assets in Nigeria. The theoretical intermediation approach is applied for selection of input and output … DEA decreases as bank output move towards non-interest or fee-based income. Although the magnitude differs, both SFA and … that policy makers should be concerned about arbitrariness in bank’s ability to earn fee-based income, which portends high …
Persistent link: https://www.econbiz.de/10013290585
Recent key challenges highlight the need to revisit Asia's financial development. These include the region's growth slowdown since the global crisis, compounded by a less benign external environment; internal structural challenges, such as population aging; and the maturing of much of the region...
Persistent link: https://www.econbiz.de/10011305285