We classify a large sample of banks according to the geographic diversification of their international syndicated loan … positive loan supply effects lead to higher investment and employment growth for firms. Diversified banks are stabilizing due … source of funding, while foreign banks with little diversification are the most fickle. Our findings suggest that the decline …

explore the relationship between asset growth, investment, and cash flow and find that firms use all available internal funds … to channel towards asset growth even during the financial crisis. We conclude that firms in Asia were resilient to the …

(RS). The model supports the basic expectations regarding the positive effects of RS on the growth rate, output, credit …

intermediation enhances growth. The analysis reveals that improved efficiency reduces the tax wedge of 1966–1980 by more than 58 … positively contributes to long-term growth. …

Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation …. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …

The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … effect on growth of inflation or its standard deviation, and one that appears to decline in magnitude as the inflation rate … increases, as seen for OECD countries. And the results include a role for a normalized money demand in affecting growth, as well …

Recent empirical work has shown that current account deficits have been associated with lower growth in developing … countries while they have been associated with higher growth in developed countries. This paper shows that this can be … lower growth. However, the positive relationship between current account balance and growth is dampened with lower …

Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to … postwar US data. Here, investment along with consumption are exchanged for within a monetary endogenous growth economy with …

system is an essential aspect of the growth process. We focus on one component of this evolution: the increasing importance … of equity markets as an economy grows. We develop a growth model where capital accumulation is financed externally …