better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the … supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4 …

these questions for Nigeria in the context of the global crisis. The results seem to debunk the ""decoupling theory"" and … suggest there are still significant spillovers from Nigeria''s main trading partners, including the US, with trade and … in Nigeria …

primarily responsible for Nigeria''s poor long-run economic performance. We propose a solution for addressing this resource …

Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies … and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in … particular the more bank-based economies of continental Europe). Further, stronger recoveries also tend to be associated with …

quantity, banks control firms'' investments. Each bank forms a firm group endogenously and internalizes externalities directly …

This paper reviews the empirical relationships between credit growth, economic recovery, and bank profitability in … underperformance. Bank lending has been subdued as well, but this appears to have only held back the recovery relatively moderately. A … 10 percent increase in bank credit to the private sector is associated with a rise of 0.6-1 percent in real GDP and 2-2 1 …

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