Journal ArticleDOI
Cross-border banking, credit access, and the financial crisis
Alexander Popov,Gregory F. Udell +1 more
TLDR
This paper studied the sensitivity of credit supply to bank financial conditions in 16 emerging European countries before and during the financial crisis and found that firms' access to credit was affected by changes in the financial conditions of their banks.About:
This article is published in Journal of International Economics.The article was published on 2012-05-01. It has received 442 citations till now. The article focuses on the topics: Credit crunch & Credit history.read more
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Foreign banks: Trends and Impact
TL;DR: In this article, the authors introduce a new, comprehensive database, made publicly available, on bank ownership (including the home country of foreign banks) for 5,324 banks in 137 countries over the period 1995-2009.
Journal ArticleDOI
Running for the Exit? International Bank Lending During a Financial Crisis
Ralph de Haas,Neeltje van Horen +1 more
TL;DR: This article examined how large international banks reduced their cross-border lending after the collapse of Lehman Brothers and found substantial heterogeneity in the extent to which different banks retrenched from the same country.
Journal ArticleDOI
Multinational banks and the global financial crisis: Weathering the perfect storm?
TL;DR: This article used data on the 48 largest multinational banking groups to compare the lending of their 199 foreign subsidiaries during the Great Recession with lending by a benchmark group of 202 domestic banks, concluding that while multinational banks may contribute to financial stability during local bouts of financial turmoil, they also increase the risk of “importing” instability from abroad.
Journal ArticleDOI
“When the cat's away the mice will play”: Does regulation at home affect bank risk-taking abroad? ☆
TL;DR: The authors found that lower barriers to entry, tighter restrictions on bank activities, and to a lesser degree higher minimum capital requirements in domestic markets are associated with lower bank lending standards in 16 countries.
Journal ArticleDOI
Bank lending constraints, trade credit and alternative financing during the financial crisis: Evidence from European SMEs
TL;DR: In this paper, the authors test whether bank lending constrained small and medium-sized enterprises are more likely to use or apply for alternative external finance including trade credit, informal lending, loans from other companies, market financing (issued debt or equity) and state grants.
References
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Journal ArticleDOI
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
ReportDOI
Financial Dependence and Growth
Raghuram G. Rajan,Raghuram G. Rajan,Raghuram G. Rajan,Luigi Zingales,Luigi Zingales,Luigi Zingales +5 more
TL;DR: This paper examined whether financial development facilitates economic growth by scrutinizing one rationale for such a relationship; that financial development reduces the costs of external finance to firms, and found that industrial sectors that are relatively more in need of foreign finance develop disproportionately faster in countries with more developed financial markets.
Posted Content
Financial Dependence and Growth
Raghuram G. Rajan,Luigi Zingales +1 more
TL;DR: This paper examined whether financial development facilitates economic growth by scrutinizing one rationale for such a relationship: that financial development reduces the costs of external finance to firms, and they found that industrial sectors that are relatively more in need of foreign finance develop disproportionately faster in countries with more developed financial markets.
Journal ArticleDOI
Deciphering the Liquidity and Credit Crunch 2007-08
TL;DR: The authors summarizes and explains the main events of the liquidity and credit crunch in 2007-08, starting with the trends leading up to the crisis and explaining how four different amplification mechanisms magnified losses in the mortgage market into large dislocations and turmoil in financial markets.
Journal ArticleDOI
Deciphering the Liquidity and Credit Crunch 2007-2008
TL;DR: The financial market turmoil in 2007 and 2008 has led to the most severe financial crisis since the Great Depression and threatens to have large repercussions on the real economy as mentioned in this paper The bursting of the housing bubble forced banks to write down several hundred billion dollars in bad loans caused by mortgage delinquencies at the same time the stock market capitalization of the major banks declined by more than twice as much.
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