countries experiencing systemic banking crises on profitability, credit, and the performance of borrower firms. Crisis exposures … reduce bank returns and tighten credit conditions for borrowers, constraining investment and growth. The effects are larger …

countries experiencing systemic banking crises on profitability, credit, and the performance of borrower firms. Crisis exposures … reduce bank returns and tighten credit conditions for borrowers, constraining investment and growth. The effects are larger …

creditor protection increases the expected level and lowers the variance of stock prices in the presence of credit crunches …. There are two main channels through which creditor protection enhances the performance of the stock market: (1) The credit …-constrained stock price increases with better protection of creditors; (2) The probability of a credit crunch leading to a binding …

creditors. We find empirical support for both predictions using data on stock market performance, amount and cost of credit, and …

creditor protection increases the expected level and lowers the variance of stock prices in the presence of credit crunches …. There are two main channels through which creditor protection enhances the performance of the stock market: (1) The credit …-constrained stock price increases with better protection of creditors; (2) The probability of a credit crunch leading to a binding …

creditors. We find empirical support for both predictions using data on stock market performance, amount and cost of credit, and … ; credit crunch …

empirical support for both predictions using data on stock market performance, amount and cost of credit, and creditor rights …

creditor protection increases the expected level and lowers the variance of stock prices in the presence of credit crunches …. There are two main channels through which creditor protection enhances the performance of the stock market: the credit …-constrained stock price increases with better protection of creditors and the probability of a credit crunch leading to a binding credit …