Using exogenous variation in exposure to hurricanes, this article explores how differently diversified US banks lend during the protracted recovery from a major downturn. Compared to diversified banks, local banks:(i) originate a higher share of new mortgage and small business loans in affected...

Using exogenous variation in exposure to hurricanes, this article explores how differently diversified US banks lend during the protracted recovery from a major downturn. Compared to diversified banks, local banks (i) originate a higher share of new mortgage and small business loans in affected...

This paper exploits a detailed new dataset with comprehensive financial and consumption information to investigate the relationship between a cash-loan borrower's access to credit and their respective consumption response. In particular, we test whether consumption among borrowers with a high...

This paper aims at analyzing the main aspects related to the pricing of credit in the traditional channel, and that of microcredit. After a brief introduction of the concept of microcredit, we analyze the main differences between the two channels of credit