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Did bank distress stifle innovation during the Great Depression?

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Did bank distress stifle innovation during the Great Depression?

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Business cycle asymmetries and the financial propagation mechanism

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Financial policies, investment, and the financial crisis : impaired credit channel or diminished demand for capital?

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Financial policies and the financial crisis : how important was the systemic credit contraction for industrial corporations?

Kahle, Kathleen M.; Stulz, René M. - 2010 - This version: August 2010

"Although firm financial policies were affected by a credit contraction during the recent financial crisis, the impact of increased uncertainty and decreased growth opportunities was stronger than that of the credit contraction per se. From the start of the financial crisis (third quarter of...