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This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07 % fall in long-run real rate of output through its effect on bank credit to the …
Persistent link: https://www.econbiz.de/10010385259
Based on a survey of Mexican firms, this paper provides evidence of the positive effect of bank credit on firms …' productivity. This effect is larger for those firms with access to bank credit and investment opportunities than for firms that … only have either investment perspectives or bank credit. The potential problem of endogeneity in the empirical estimates is …
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This paper studies the relationship between competition measures at the bank level and the price of credit for non …
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In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits...
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