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Does the Community Reinvestment Act Increase Small Business Lending in Lower Income Neighborhoods?

Kim, Mee Jung; Lee, Kyung Min; Earle, John S. - 2022

We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by...

Persistent link: https://www.econbiz.de/10013406859

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

Coibion, Olivier - 2014

One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome households. Using household level data on...

Persistent link: https://www.econbiz.de/10013059685

Touch Thee Not : Group Conflict, Caste Power, and Untouchability in Rural India

Dasgupta, Indraneel - 2019

We investigate the impact of community power on the practice of untouchability in rural India. We model two … impose Hindu values/rituals on non-Hindus. We find that any increase in the collective resource endowment (power) of this … from OBCs to upper castes may reduce it as well. Identifying a community's power with a multiplicative combination of its …

Persistent link: https://www.econbiz.de/10012894557

Voting Power and Survival : The Case of a Ruling Party

Jelnov, Artyom - 2019

vote independently of each other. Thus, we receive as an empirical result what the previous voting power literature assumed …

Persistent link: https://www.econbiz.de/10012868829

The Efficacy and Efforts of Interest Groups in Post Elections Policy Formation

Epstein, Gil S. - 2012

given party ideological predispositions and power distribution determine the expected policy outcome. Our analysis applies … weighted by power. Our second result clarifies how the success of an interest group hinges on the dominance of its ideology in … effect of ideological predispositions and power on the efforts of the interest groups …

Persistent link: https://www.econbiz.de/10013096476

Consumer Loan Response to Permanent Labor Income Shocks : Evidence from a Major Minimum Wage Increase

Guney, Ibrahim - 2017

We investigate the impact of a substantial minimum wage increase, which became effective in January 2016, on consumer loans in Turkey. Using bank-level data and designing an original identification strategy, we ask whether the loans provided by banks with a historically high share of low-wage...

Persistent link: https://www.econbiz.de/10012957002

Repayment Versus Investment Conditions and Exclusivity in Lending Contracts

Bougheas, Spiros P. - 2010

Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action ('investment'). We build an...

Persistent link: https://www.econbiz.de/10013149943

Effects of Credit Supply on Unemployment and Inequality

Bandyopadhyay, Subhayu - 2016

The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...

Persistent link: https://www.econbiz.de/10012987688

Business Cycle Effects of Credit and Technology Shocksin a DSGE Model with Firm Defaults

Pesaran, M. Hashem; Xu, TengTeng - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technologyshocks on business cycle dynamics, where firms rely on banks and households for capitalfinancing. Firms are identical ex ante but differ ex post due to different realizations of firmspecific technology...

Persistent link: https://www.econbiz.de/10009522213

Funding Self-Employment : The Role of Consumer Credit

Kneiding, Christoph - 2011

This paper investigates whether self-employed households use consumer loans – in particular instalment loans and overdrafts – to finance business activities. Controlling for financial and non-financial household variables we show that self-employed households particularly use personal...

Persistent link: https://www.econbiz.de/10013118523