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The Riskiness of Credit Allocation and Financial Stability

Brandao-Marques, Luis - 2019

We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we show that the riskiness of credit allocation, captured by Greenwood and Hanson...

Persistent link: https://www.econbiz.de/10012859862

Financial Crises Explanations, Types, and Implications

Claessens, Stijn - 2013

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper...

Persistent link: https://www.econbiz.de/10013086317

Banking in a Steady State of Low Growth and Interest Rates

Chen, Qianying - 2018

curves and an inability to offer deposit rates significantly below zero combine to compress bank earnings in this environment …

Persistent link: https://www.econbiz.de/10012910355

Global Liquidity and Drivers of Cross-Border Bank Flows

Cerutti, Eugenio - 2014

global factors driving cross-border bank flows, alongside country-specific factors. It confirms the explanatory power of US … financial conditions, with flows decreasing in market volatility (VIX) and term premia, and increasing in bank leverage, growth … frameworks and better bank regulation, but less so for flows to non-financial firms …

Persistent link: https://www.econbiz.de/10013053045