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credit market competition is intense. The latter emerges when banks exercise market power. Thus, competition is beneficial to …
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This paper investigates the role of credit market size as a determinant of business cycle fluctuations. First, using OECD data I document that credit market depth mitigates the impact of variations in productivity to output volatility. Then, I use a business cycle model with borrowing limits a...
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small amount of research on the role competition plays in influencing the overall importance of credit. This paper explores … the possibility that changes in credit market competition may result in a less pronounced effect of credit conditions on …
Persistent link: https://www.econbiz.de/10013404456