Related Books
Language: en
Pages: 62
Pages: 62
Type: BOOK - Published: 2019-12-20 - Publisher: International Monetary Fund
This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of investment is more liquid, i.e., its return is
Language: en
Pages: 75
Pages: 75
Type: BOOK - Published: 2019-05-17 - Publisher: International Monetary Fund
We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations,
Language: en
Pages: 22
Pages: 22
Type: BOOK - Published: 2019-09-06 - Publisher: International Monetary Fund
The legacy of non-performing loans and high opportunity cost of government financing of bank recapitalization impeded the efficiency of financial intermediation
Language: en
Pages: 77
Pages: 77
Type: BOOK - Published: 2008 - Publisher: World Bank Publications
Abstract: China is often mentioned as a counterexample to the findings in the finance and growth literature since, despite the weaknesses in its banking system,
Language: en
Pages: 46
Pages: 46
Type: BOOK - Published: 2010-10 - Publisher: DIANE Publishing
How important is financial development for economic development? A costly state verification model of financial intermediation is presented to address this ques
